COGNIZANT TECHNOLOGY SOLUTIONS CORP·4

May 29, 4:14 PM ET

Branderiz Eric 4

4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed May 29, 2026

Research Summary

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Cognizant (CTSH) Director Eric Branderiz Receives RSU Award

What Happened

  • Eric Branderiz, a director of Cognizant Technology Solutions Corp. (CTSH), was granted a total of 68.55 restricted stock units (RSUs) on 2026-05-27: 50.538 RSUs and 18.012 RSUs. The awards are reported as acquisitions at $0.00 (code A) and are derivative awards that each represent a right to receive one share of the company's Class A common stock.

Key Details

  • Transaction date: 2026-05-27; filing date: 2026-05-29 (timely).
  • Price: $0.00 per unit (award/grant).
  • Shares after transaction: Not disclosed in the provided filing excerpt.
  • Footnotes:
    • The 50.538 RSUs reflect dividend-equivalent RSUs accrued on previously outstanding RSUs and are fully vested; the reporting person elected to defer settlement under the company’s Non-Employee Director Compensation Guidelines (deferment until change in control, death/permanent disability, or three equal installments beginning the first July 1 after termination).
    • The 18.012 RSUs reflect dividend-equivalent RSUs that will vest fully on June 3, 2026; the reporting person elected to defer settlement under the same Guidelines (deferment until change in control, death/permanent disability, or the first July 1 following termination).
  • Transaction code: A = Grant/award (derivative RSUs).

Context

  • These are director compensation awards (including dividend-equivalent RSUs), not open-market purchases or sales, and thus do not directly signal a buy/sell view. Deferred settlement elections are common for non-employee director compensation and mean the RSUs will convert to shares only upon specified events (vesting plus settlement conditions).

Insider Transaction Report

Form 4
Period: 2026-05-27
Transactions
  • Award

    Restricted Stock Units

    [F1][F2]
    2026-05-27+50.5388,191.739 total
    Class A Common Stock (50.538 underlying)
  • Award

    Restricted Stock Units

    [F3][F4]
    2026-05-27+18.0122,919.626 total
    Class A Common Stock (18.012 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).
Signature
/s/ Melissa Glass, on behalf of Eric Branderiz, by Power of Attorney|2026-05-29

Documents

1 file
  • 4
    wk-form4_1780085694.xmlPrimary

    FORM 4