Deskus Archana 4
Research Summary
AI-generated summary
Cognizant (CTSH) Director Archana Deskus Receives RSU Shares
What Happened
- Archana Deskus, a director of Cognizant Technology Solutions (CTSH), received shares from restricted stock unit (RSU) activity in early June 2026. The filing shows an award/vesting event for 4,171 RSUs (acquired at $0) and related exercise/conversion entries for 2,919 derivative units. A fractional share (0.626) was disposed to the issuer for $55.14 per share, totaling $35 (cash in lieu).
Key Details
- Transaction dates: June 2–3, 2026. Filing date: June 4, 2026 (timely).
- Reported entries: Award/vest of 4,171 RSUs (code A, acquired at $0.00); exercise/conversion entries for 2,919 derivative units (code M); disposition to issuer of 0.626 share at $55.14 for $35 (code D, cash in lieu).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes summary:
- F1/F4: Shares were received in connection with vesting of RSUs granted June 3, 2025 and related dividend-equivalent RSUs; the reporting person only received whole shares and the fractional portion was cashed out.
- F2: Each RSU equals a contingent right to one share.
- F3: Some RSUs have a future vest date referenced in the filing (June 2, 2027) for other awards.
- F5: The $35 represents payment in lieu of a fractional share and cancellation of the fractional RSU.
Context
- This filing documents RSU vesting/conversion and a routine cash payment for a fractional share — not an open‑market buy or sell intended to signal market sentiment. For retail investors, award/vesting events are compensation-related and do not necessarily reflect an insider’s view on the stock.