Branderiz Eric 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) Director Eric Branderiz Receives RSU Awards
What Happened
Eric Branderiz, a director of Cognizant Technology Solutions Corp (CTSH), was granted a total of 55.806 restricted stock units (RSUs) on February 26, 2026. The filing shows two derivative awards: 41.142 RSUs and 14.664 RSUs, each reported at $0.00 (typical for RSU awards since no cash was paid). These are grants/awards, not purchases or sales.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely under the 2-business-day rule).
- Awards: 41.142 RSUs (F1/F2) and 14.664 RSUs (F3/F4) — total 55.806 RSUs. Reported price: $0.00 (derivative awards).
- Vesting/settlement:
- The 41.142 RSUs reflect dividend-equivalent units on previously outstanding RSUs and are fully vested (F1/F2). Settlement has been elected to be deferred under the company’s Non‑Employee Director Compensation Guidelines until a triggering event (change in control, death/permanent disability, or installment schedule after termination).
- The 14.664 RSUs reflect dividend-equivalent units that will vest fully on June 3, 2026 (F3/F4). The director has elected to defer settlement under the same Guidelines until a triggering event or the first July 1 following termination.
- Shares owned after transaction: not specified in the summary information provided.
- No 10b5-1 plan, tax withholding, or sale indicated in the filing.
Context
RSUs are a form of equity compensation that give the holder a contingent right to receive shares in the future; they are reported as derivative awards and often show $0 transaction price. Director RSU grants are routine compensation and do not represent a purchase (bullish) or sale (liquidation) signal by themselves. One tranche is already vested but settlement is deferred per the director compensation guidelines; the other vests on June 3, 2026.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-26+41.142→ 8,141.201 total→ Class A Common Stock (41.142 underlying) - Award
Restricted Stock Units
[F3][F4]2026-02-26+14.664→ 2,901.614 total→ Class A Common Stock (14.664 underlying)
Footnotes (4)
- [F1]Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a right to receive one share of Class A Common Stock of the Company.
- [F2]The restricted stock units are fully vested. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) in three equal installments on July 1 in the first, second and third years following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
- [F3]Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F4]The restricted stock units will vest fully on June 3, 2026. The Reporting Person has elected, pursuant to the Company's Guidelines, to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).