Kim John Sunshin 4

What Happened
Kim John Sunshin, Cognizant’s Chief Legal Officer, Chief Administrative Officer and Corporate Secretary, received equity awards on February 25, 2026. The filing shows three derivative grants: 26,903 restricted stock units (RSUs), 3,261 RSUs, and 10,972 performance-based stock units (PSUs). The grants are recorded at $0.00 per share (awards, not purchases or sales). The PSUs represent an allocated portion (~57%) of a 19,166 PSU award from 2023 and are scheduled to vest/settle on March 15, 2026 subject to continued service and achievement of performance criteria.

Key Details

• Transaction date and price: February 25, 2026; grant/acquisition code A; reported price $0.00 (derivative awards).
• Award schedules:
  • 26,903 RSUs vest in 12 quarterly installments beginning June 1, 2026 and fully vest March 1, 2029.
  • 3,261 RSUs vest over quarterly installments with a staggered schedule beginning June 1, 2026 and completing March 1, 2029 (varied fractions per quarter).
  • 10,972 PSUs are a portion of a March 6, 2023 PSU grant for which ~57% of performance criteria were met; these will vest and settle in shares on March 15, 2026 if employment continues.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Filing: Form 4 filed Feb 27, 2026 for transactions dated Feb 25, 2026 — appears timely (Form 4 is generally due within two business days).
• Transaction code meaning: A = Award/Grant; RSUs/PSUs are contingent rights to receive shares, not immediate open-market purchases.

Context

• RSUs and PSUs are compensation/retention awards and represent future contingent issuance of common stock if vesting and performance conditions are met; they do not represent a cash outlay by the insider at grant.
• The PSU portion here reflects performance measurement from a prior grant (2023); settlement is conditional on both committee determination and continued service through the settlement date.
• Such grants are routine executive compensation and should be interpreted differently than open-market purchases or sales.