Cognizant (CTSH) Director John M. Dineen Receives RSU Awards

What Happened

• John M. Dineen, a director of Cognizant Technology Solutions (CTSH), was granted a total of 181.287 restricted stock units (RSUs) on August 25, 2026. The filing shows three awards of 106.535, 52.925 and 21.827 RSUs, each reported at $0.00 per share (derivative awards).
• These RSUs were issued as dividend-equivalent units tied to previously outstanding RSUs (i.e., additional RSUs credited as dividend equivalents), and are not open-market purchases or sales.

Key Details

• Transaction date: 2026-08-25; Form 4 filed: 2026-08-27 (filed two days after the transaction).
• Awards: 106.535 RSUs, 52.925 RSUs, and 21.827 RSUs; total = 181.287 RSUs; reported price $0.00 (derivative awards).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes from the filing:
  • The RSUs reflect dividend equivalent rights credited on previously outstanding RSUs.
  • Some of the RSUs are fully vested and the director has elected to defer settlement under the company’s Non-Employee Director Compensation Guidelines until events such as a change in control, death/permanent disability, or specified post-termination installment schedule (per the filing’s footnotes).
• This is an award/grant (code A) of derivative securities, not a market purchase or sale.

Context

• RSU awards and dividend-equivalent credits are common non-cash compensation for directors and do not necessarily signal immediate buying or selling intent; settlement may be deferred per the director’s election.
• Because these RSUs were reported at $0.00 and represent dividend-equivalent units on prior awards, the transaction reflects compensation accounting rather than a cash investment by the insider.