Ayyar Balu Ganesh 4

What Happened

• Ayyar Balu Ganesh, President — APJ and ISG at Cognizant Technology Solutions (CTSH), was granted equity awards on February 25, 2026. The filing shows 13,859 restricted stock units (RSUs) and ~7,771 performance-based stock units (PSUs) were reported as acquired (transaction code A). These awards were recorded at $0.00 per share because they are compensation grants, not purchases.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (reporting period 2/25/2026).
• RSUs: 13,859 RSUs granted under the 2023 Incentive Award Plan; vest in 12 successive quarterly installments beginning June 1, 2026 and fully vest on March 1, 2029. (Footnote F2)
• PSUs: The filing reports ~7,771 PSUs representing a portion of 13,576 PSUs originally granted in 2023 for which the Compensation Committee determined ~57% of performance criteria were satisfied. That portion is scheduled to vest and settle in Class A common stock on March 15, 2026, provided the reporting person remains employed through that date. (Footnote F4)
• Price/value: Reported acquisition price $0.00 (typical for RSU/PSU awards); no cash changed hands at grant.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing timeliness: Filed two days after the transaction date — appears timely.

Context

• RSUs and PSUs are equity compensation: RSUs convert to shares according to time-based vesting; PSUs convert to shares only if performance goals are met and service conditions satisfied. These awards represent compensation and potential future share issuance, not an open-market buy or sell.
• The PSU component is contingent on both the committee’s performance determination (already made at ~57% for this tranche) and continued employment through the settlement date (March 15, 2026).