Ayyar Balu Ganesh 4

What Happened

• Ayyar Balu Ganesh, President — APJ and ISG at Cognizant (CTSH), received 2,056 shares on June 1, 2026 as a result of RSU vesting. The filing shows two vesting/conversion events: 902 shares (from a 2/28/2024 RSU grant) and 1,154 shares (from a 2/25/2026 RSU grant). Consideration is shown as $0 because RSUs convert into shares without a cash payment.

Key Details

• Transaction date: June 1, 2026; Form 4 filed: June 3, 2026 (timely — Form 4 is generally due within two business days).
• Shares: 902 shares (2024 grant) + 1,154 shares (2026 grant) = 2,056 shares received.
• Price/Value: reported as $0 per share (conversion of RSUs, not a market purchase or sale).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes:
  • The 902 shares came from 1/12th vesting of a 10,830-RSU award granted 2/28/2024 (vests quarterly over 3 years).
  • The 1,154 shares came from 1/12th vesting of a 13,859-RSU award granted 2/25/2026 (vests quarterly over 3 years starting 6/1/2026).
• Transaction code: reported as M (exercise/conversion of a derivative security) reflecting RSU-to-share conversion.

Context

• This is a routine compensation event (RSU vesting), not an open-market purchase or sale, and does not by itself indicate a bullish or bearish view by the insider.
• RSU conversions are commonly reported with $0 consideration because the award converts into shares rather than involving cash; fractional-share handling or withholding can affect reported whole-share counts.