Branderiz Eric 4

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.