Cognizant (CTSH) President Ayyar Ganesh Receives RSU-Vested Shares

What Happened

• Ayyar Balu Ganesh, President — APJ and ISG at Cognizant (CTSH), had 849 restricted stock units (RSUs) vest on September 15, 2026. The RSUs converted into 849 shares (reported as a derivative exercise/conversion).
• The filing also records a simultaneous disposal of 849 shares at $0.00 (derivative). The acquisition shows no purchase price (N/A) and the disposition shows $0 proceeds.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (appears timely).
• Reported entries: one conversion/acquisition of 849 shares (code M); one disposal of 849 shares at $0.00 (derivative).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: (1) Shares were received from vesting of 1/12th of an RSU award granted March 3, 2025; (2) each RSU equals the right to one Class A share; (3) the original grant was 10,178 RSUs vesting quarterly over three years (fully vested by March 15, 2028).
• Filing does not explicitly state tax withholding or share-for-share withholding in the footnotes.

Context

• This was an RSU vesting/conversion event (derivative exercise). Companies often withhold or cancel vested shares to cover taxes or statutory withholdings; the equal disposal of 849 shares at $0 in the filing is consistent with that practice, though the filing’s footnotes do not expressly confirm withholding. No open-market purchase or sale for cash is reported, so this does not reflect a market buy/sell decision by the insider.