Cognizant (CTSH) Director Eric Branderiz Receives RSU Award

What Happened

• Eric Branderiz, a director of Cognizant Technology Solutions (CTSH), was awarded three restricted stock unit (RSU) grants on 2026-08-25 totaling 79.974 RSUs (42.868; 15.279; 21.827). The filing reports $0.00 per share (award/derivative), reflecting RSUs granted as dividend equivalents on previously outstanding RSUs. Each RSU represents a contingent right to receive one share of Class A common stock.

Key Details

• Transaction type: Award/Grant (code A)
• Transaction date: 2026-08-25; Form 4 filed 2026-08-27 (timely filed)
• Price reported: $0.00 per RSU (awarded, not purchased)
• Total RSUs awarded: 79.974
• Shares owned after transaction: Not disclosed in this filing
• Notable footnotes:
  • Some RSUs reflect dividend-equivalent accruals on prior RSUs (F1, F4).
  • Certain RSUs are fully vested but settlement has been deferred under the company’s Non-Employee Director Compensation Guidelines (F2, F3).
  • One tranche will vest fully on June 2, 2027; the Reporting Person has elected to defer settlement per the Guidelines (F5).
• Settlement/deferral: Settlement is deferred until a change in control, death/permanent disability, or specified post-termination dates per the Guidelines.

Context

• These are awards (RSUs), not open-market purchases or sales; they do not involve cash paid by the insider and are commonly part of director compensation. Deferred and dividend-equivalent RSUs are administrative/compensation items and should not be interpreted as direct bullish/selling activity by the insider.