Mackay Leo S. Jr. 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) Director Leo S. Mackay Jr. Receives Awards
What Happened Leo S. Mackay Jr., a director of Cognizant Technology Solutions Corp. (CTSH), was granted a total of 68.654 stock units on May 27, 2026 via three awards (29.142, 21.5 and 18.012 units). Each unit is a right to receive one share of Class A common stock; the awards show $0.00 per unit (these are equity awards, not an open-market purchase or sale).
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 29, 2026 (appears timely).
- Units: 29.142 RSUs + 21.5 RSUs + 18.012 RSUs = 68.654 total; grant price reported $0.00 (award/derivative).
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnotes indicate a mix of deferred restricted stock units and restricted stock units, some representing dividend equivalents; some are fully vested and will be settled upon termination, others vest on June 3, 2026 and are subject to the director’s election to defer settlement per the company’s non-employee director compensation guidelines.
- Transaction type: Award/Grant (code A); no cash exchanged and no sale or purchase of underlying shares.
Context These are equity awards (deferred/restricted stock units), which are derivative rights to receive shares in the future under Cognizant’s director compensation rules. Such grants are routine compensation for non-employee directors and do not reflect an open-market purchase or sale.
Insider Transaction Report
- Award
Deferred Restricted Stock Units
[F1][F2]2026-05-27+29.142→ 4,723.622 total→ Class A Common Stock (29.142 underlying) - Award
Restricted Stock Units
[F3][F4]2026-05-27+21.5→ 3,484.891 total→ Class A Common Stock (21.5 underlying) - Award
Restricted Stock Units
[F5][F6]2026-05-27+18.012→ 2,919.626 total→ Class A Common Stock (18.012 underlying)
Footnotes (6)
- [F1]Reflects deferred restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding deferred restricted stock units. Each deferred restricted stock unit represents a right to receive one share of Class A Common Stock of the Company.
- [F2]The deferred restricted stock units are fully vested and will be settled upon the Reporting Person's termination of service from the Board.
- [F3]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.
- [F4]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) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
- [F5]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.
- [F6]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).