ROHLEDER STEPHEN J 4

What Happened

• Stephen J. Rohleder, a Cognizant (CTSH) director, received a total of 165.52 derivative stock units on February 26, 2026. The grant is reported as three awards: 83.618, 64.048 and 17.854 units at $0.00 per unit (total reported value $0 on the Form 4). These units are deferred/restricted stock units issued as dividend equivalents on previously outstanding units.

Key Details

• Transaction date and price: 2026-02-26; reported price $0.00 (award/grant, code A).
• Units granted: 83.618 + 64.048 + 17.854 = 165.52 total deferred/restricted stock units.
• Post-transaction share ownership: not specified in the Form 4 filing.
• Footnotes: filings indicate these units arose from dividend equivalent rights on previously outstanding deferred stock units and restricted stock units. Most units are fully vested and the reporting person has elected to defer settlement; one tranche (per footnote) will vest on June 3, 2026.
• Timeliness: filing dated Mar 2, 2026 for a Feb 26, 2026 transaction; this appears to be later than the typical 2-business-day Form 4 deadline.

Context

• These are derivative awards (deferred stock units / restricted stock units), not open-market purchases or sales. Each unit represents a contingent right to receive one share of Class A common stock under the company’s director compensation guidelines. The reporting person has elected to defer settlement until a specified triggering event (change in control, death/permanent disability, or the first July 1 following termination), so no immediate share delivery or sale occurred.