Cognizant (CTSH) CLO Kim John Sunshin Receives RSUs, Withholds 889 Shares

What Happened
Kim John Sunshin, Cognizant's CLO, CAO & Corporate Secretary, had 1,647 restricted stock units (RSUs) vest on September 15, 2026. All 1,647 RSUs converted into shares (exercise/conversion treated as derivative vesting at $0 exercise price). To satisfy tax withholding obligations, 889 of those shares were withheld at $64.10 per share, totaling $56,985. The net shares issued to Sunshin from this vesting were 758 (1,647 vested − 889 withheld).

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (appears timely).
• Vesting/conversion: 1,647 RSUs converted to 1,647 shares; exercise price recorded as $0.00.
• Tax withholding: 889 shares withheld at $64.10/share for $56,985.
• Net shares retained from this vesting: 758 shares.
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs represent contingent rights to one share each; these shares were part of a 19,758-RSU grant (March 3, 2025) that vests in 12 quarterly installments (1/12th each quarter) through March 15, 2028. Withholding was used to pay taxes (routine).

Context: This was a standard RSU vesting event with shares withheld to cover tax liabilities (a common, administrative action), not an open-market sale or buy. RSUs are not option purchases; they convert to shares upon vesting. Routine withholdings like this generally reflect tax requirements rather than a signal of insider sentiment.