COGNIZANT TECHNOLOGY SOLUTIONS CORP·4

Jun 4, 4:05 PM ET

Mackay Leo S. Jr. 4

4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 4, 2026

Research Summary

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Updated

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
Period: 2026-06-02
Transactions
  • Award

    Restricted Stock Units

    [F1][F2]
    2026-06-02+4,1714,171 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

Documents

1 file
  • 4
    wk-form4_1780603535.xmlPrimary

    FORM 4