Mackay Leo S. Jr. 4

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.