Shilige Pradeep Shivaram 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 9, 2020
Insider Transaction Report
Form 4
Shilige Pradeep Shivaram
EVP & Head of Global Delivery
Transactions
- Tax Payment
Class A Common Stock
2020-06-05$57.39/sh−113$6,485→ 23,335 total - Exercise/Conversion
Class A Common Stock
2020-06-05+289→ 23,448 total - Exercise/Conversion
Restricted Stock Units
2020-06-05−289→ 3,185 total→ Class A Common Stock (289 underlying)
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 March 5, 2020.
- [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 March 5, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on June 5, 2020, 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 RSU swill be fully vested on March 5, 2023.