Mackay Leo S. Jr. 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) Director Leo S. Mackay Jr. Receives RSU Award
What Happened
- Leo S. Mackay Jr., a member of the board of Cognizant Technology Solutions Corporation (CTSH), was granted 4,171 restricted stock units (RSUs) on June 2, 2026. The grant is reported as an award/derivative acquisition (transaction code A) with a reported price of $0.00 because RSUs are contingent rights to receive shares upon vesting.
Key Details
- Transaction date: 2026-06-02 (reported on Form 4 filed 2026-06-04).
- Award: 4,171 RSUs; reported price $0.00 (RSUs are not immediate shares).
- Vesting: RSUs will vest fully on June 2, 2027.
- Deferral: Reporting person elected to defer payment (and any dividend equivalents) until the earlier of a change in control, death/permanent disability, or the first July 1 following termination of service.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Filed two days after the grant date (appears timely for a Form 4).
Context
- RSU awards are a form of compensation for directors and are not an immediate purchase or sale of stock; they represent a contingent right to receive one share per RSU upon vesting.
- This grant does not indicate an immediate market purchase or sale and should be viewed as compensation rather than a direct bullish/sell signal.
Insider Transaction Report
Form 4
Mackay Leo S. Jr.
Director
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-06-02+4,171→ 4,171 total→ Class A Common Stock (4,171 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
- [F2]The RSUs will vest fully on June 2, 2027. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment of such RSUs (and corresponding dividend equivalents, if any) 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).
Signature
/s/ Melissa Glass, on behalf of Leo S. Mackay Jr., by Power of Attorney|2026-06-04