Bali Vinita 4

What Happened

• Vinita Bali, a director of Cognizant Technology Solutions (CTSH), received/vested 4,171 RSUs (derivative awards) and converted/settled a portion into common shares on June 2–3, 2026. As part of the settlement, 2,919 RSUs were converted to shares, 32 shares were withheld/sold to pay taxes at $55.14 each (proceeds $1,764), and a fractional 0.626 share was paid out in cash ($35).

Key Details

• Transaction dates: June 2, 2026 (award reported) and June 3, 2026 (conversion/settlement and tax withholding). Form filed June 4, 2026.
• Grant/Award: 4,171 RSUs reported as acquired (derivative award).
• Conversion/Exercise: 2,919 RSUs converted into shares (transaction code M).
• Tax withholding: 32 shares withheld/disposed at $55.14 each for $1,764 (transaction code F).
• Fractional share: 0.626 share paid in cash in lieu for $35 (transaction code D).
• Shares owned after transaction: not specified in this filing.
• Notable footnotes: RSUs represent contingent rights to one share each; RSUs originated from the June 3, 2025 award and related dividend-equivalent RSUs and vested in connection with the reported transactions; fractional RSU was cancelled and paid in cash; shares were withheld to satisfy tax withholding.

Context

• This was an RSU vesting and settlement with a routine "sell-to-cover" (tax withholding) rather than an open-market sale for investment purposes. Derivative code M here indicates RSUs were converted/settled into stock; code F denotes shares withheld for taxes. The amounts sold to cover taxes are modest and reflect withholding obligations, not a large-scale divestiture.