Cognizant (CTSH) Director Leo S. Mackay Jr. Receives RSU Awards

What Happened

• Leo S. Mackay Jr., a director of Cognizant Technology Solutions (CTSH), was granted three awards on August 25, 2026. The awards are deferred/restricted stock units (RSUs) and were reported as derivative acquisitions (transaction code A) at $0.00.
• The three grants were for 24.719, 33.516 and 21.827 RSUs, totaling 80.062 units. No cash was exchanged — these are awards that represent rights to receive one share of Class A common stock per unit under specified conditions.

Key Details

• Transaction date: 2026-08-25; Form 4 filed: 2026-08-27 (timely filing).
• Grants: 24.719 RSUs, 33.516 RSUs, 21.827 RSUs; reported acquisition price $0.00; total = 80.062 RSUs.
• Security type: Deferred/restricted stock units (derivative securities) — each RSU represents the right to receive one share.
• Footnote summary: Some units reflect dividend-equivalent accruals on previously outstanding deferred or restricted RSUs; some tranches are fully vested and will be settled upon the director’s termination of service or per the company’s deferral guidelines; one tranche vests fully on June 2, 2027 but the director has elected to defer settlement until a change in control, death/permanent disability, or the first July 1 following termination.
• Shares owned after the transaction: not specified in the provided summary.

Context

• These transactions are awards/compensation (not open-market purchases or sales). Awards are routine director compensation and do not necessarily signal buying or selling intentions.
• Because these are RSUs (derivative awards), they do not immediately increase outstanding shares until settled; settlement timing depends on vesting and any deferral elections described in the footnotes.