Ayyar Balu Ganesh 4

What Happened

• Ayyar Balu Ganesh, President — APJ and ISG at Cognizant (CTSH), had 903 restricted stock units (RSUs) convert to 903 shares on March 1, 2026 (transaction code M — exercise/conversion). The Form 4 shows 903 shares acquired (price N/A) and 903 shares disposed at $0.00 (derivative).
• The simultaneous disposal at $0.00 is commonly how companies report shares withheld or delivered to satisfy tax withholding or similar withholding obligations when RSUs vest; this is a routine administrative action rather than a market sale.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Acquired: 903 shares via RSU conversion (price N/A). Disposed: 903 shares at $0.00 (reported as derivative).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes from the filing:
  • F1: Shares received from vesting of 1/12th of an RSU award granted Feb 28, 2024.
  • F2: Each RSU equals one share of Class A common stock.
  • F3: The original grant was 10,830 RSUs vesting quarterly over three years (1/12th each quarter, fully vested March 1, 2027).
• Filing appears timely (filed two days after the vesting date).

Context

• This was not an open-market sale or purchase — it reflects RSU vesting and the typical withholding/settlement process. Such conversions and withholdings are administrative and don’t necessarily signal insider bullish/bearish intent.
• Transaction code M denotes exercise or conversion of a derivative (here, RSUs converting to common shares).