Shilige Pradeep Shivaram 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 16, 2020
Insider Transaction Report
Form 4
Shilige Pradeep Shivaram
EVP & Head of Global Delivery
Transactions
- Exercise/Conversion
Class A Common Stock
2020-03-12+753→ 23,241 total - Exercise/Conversion
Restricted Stock Units
2020-03-12−753→ 2,261 total→ Class A Common Stock (753 underlying) - Tax Payment
Class A Common Stock
2020-03-12$49.34/sh−307$15,146→ 22,934 total
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on December 12, 2017.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
- [F4]The RSUs were granted on December 12, 2017 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on March 12, 2018, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on December 12, 2020.