VELLI JOSEPH M 4
Research Summary
AI-generated summary
Cognizant (CTSH) Director Joseph M. Velli Receives RSU Award
What Happened
Director Joseph M. Velli received an award of 18.012 restricted stock units (RSUs) on May 27, 2026. The Form 4 reports these as a derivative award (code A) with an acquisition price of $0.00 and a reported value of $0. Each RSU represents a contingent right to one share of Cognizant Class A common stock and will vest fully on June 3, 2026.
Key Details
- Transaction date: 2026-05-27 (Filed: 2026-05-29; filing appears timely)
- Transaction type/code: Award (A) — restricted stock units (derivative)
- Quantity: 18.012 RSUs; Acquisition price: $0.00; Reported value: $0
- Vesting: RSUs will vest in full on June 3, 2026 (Footnote F2)
- Footnote F1: RSUs reflect dividend equivalent rights accrued on previously outstanding RSUs
- Shares owned after transaction: Not disclosed in this Form 4
Context
These RSUs are an award (compensation/dividend-equivalent accrual), not an open-market purchase or sale. They are contingent rights that convert into shares upon vesting and do not represent immediate market activity or cash proceeds.