Branderiz Eric 4

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).