Abdalla Zein 4

What Happened

• Abdalla Zein, a director of Cognizant Technology Solutions (CTSH), had restricted stock units (RSUs) reflected in a Form 4 for June 2–3, 2026. The filing shows a grant/award of 4,171 RSU units (derivative) and the conversion/exercise of 2,919 derivative units into shares.
• The filing also shows tax-withholding and fractional-share cash-out: 17 shares were withheld to satisfy taxes (withholding value $937 at $55.14/share) and a 0.626 fractional share was paid in cash for $35. These actions are the routine mechanics when RSUs vest and convert to common stock.

Key Details

• Transaction dates: Grant/award recorded 2026-06-02; conversion/exercise and tax withholding 2026-06-03.
• Prices/values: Tax withholding used $55.14 per share; 17 shares withheld = $937; fractional share cash-out = $35.
• Shares recorded as awarded: 4,171 RSUs (each RSU = contingent right to one share).
• Derivative conversion: 2,919 derivative units shown converted/exercised into shares per the Form 4 entries.
• Notable footnotes:
  • RSUs represent a contingent right to receive one share each (F2).
  • The RSUs described include original grants (June 3, 2025) and related dividend-equivalent RSUs that vested (F1, F5).
  • Shares were withheld to pay applicable taxes and a fractional share was paid in cash per the plan (F3, F6).
  • The remaining RSUs will vest fully on June 2, 2027 as noted for other awards (F4).
• Shares owned after the transactions: not specified in the provided filing extract.
• Filing timeliness: no late-filing indication provided in the supplied data.

Context

• This transaction is primarily the vesting and conversion of RSUs into shares, with routine tax-withholding and a cash payment for a fractional share — not an open-market purchase or sale. Such transactions are typical compensation events and do not by themselves indicate the insider’s market view.