Patsalos-Fox Michael 4

What Happened
Michael Patsalos-Fox, a director of Cognizant Technology Solutions Corporation (CTSH), received shares from the vesting/conversion of restricted stock units (RSUs). The filing records the acquisition of 4,171 shares (RSU vesting/conversion) and conversion/exercise entries for 2,919 derivative units. A fractional 0.626 share related to the vesting was paid out in cash to the issuer for $35.

Key Details

• Transactions reported: June 2–3, 2026; Form 4 filed June 4, 2026 (appears timely).
• Acquired: 4,171 shares via RSU award/vesting (recorded at $0.00 per share).
• Conversion/exercise entries: 2,919 derivative units recorded as converted/exercised (reported at $0.00).
• Disposition to issuer: 0.626 fractional share sold for $55.14 per share, total $35 (cash in lieu of fractional share).
• Shares owned after the transactions: not specified in the provided filing details.
• Notable footnotes:
  • Each RSU represents the right to one share (F2).
  • The shares here were received in connection with vesting of RSUs granted June 3, 2025 and related dividend-equivalent RSUs; the reporting person received only whole shares and the fractional share was paid in cash (F1, F5, F6).
  • A family LLC (PFOXFAMILY LLC) and related trust are disclosed as relevant to ownership reporting (F3).
  • The filing also notes other RSUs with vesting scheduled for June 2, 2027 (F4).

Context

• These entries reflect RSU vesting/conversion rather than an open-market purchase or a voluntary sale; the $0.00 per-share amounts are typical for RSU conversions (non-cash awards).
• The only cash value reported in the filing is $35 paid in lieu of a fractional share.
• For retail investors: vesting of executive/director RSUs is a routine compensation event and does not by itself indicate a bullish or bearish signal.