Gummadi Surya 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) President Surya Gummadi Receives RSU & PSU Awards
What Happened
Surya Gummadi, President — Americas of Cognizant Technology Solutions (CTSH), was granted a total of 49,189 derivative awards on February 25, 2026: 27,718 restricted stock units (RSUs), 11,413 RSUs, and 10,058 performance-based stock units (PSUs). All grants show $0 purchase price because these are contingent equity awards (not open-market purchases or sales). The PSU portion represents a tranche of an earlier March 6, 2023 PSU award for which the Compensation Committee determined ~57% of performance goals were met; that portion is expected to vest and settle in shares on March 15, 2026, subject to continued service.
Key Details
- Transaction date: February 25, 2026; filing date: February 27, 2026 (filed within the usual Form 4 timing).
- Awards: 27,718 RSUs (F2), 11,413 RSUs (F3), and 10,058 PSUs (F5). All reported as awards (code A) with $0 acquisition price (derivative awards).
- Vesting/settlement highlights:
- 27,718 RSUs (F2): vest in 12 successive quarterly installments (1/12th starts June 1, 2026), fully vested by March 1, 2029.
- 11,413 RSUs (F3): staged quarterly vesting across successive quarters with varying fractions (some 1/8th portions, some smaller fractions), with remaining units vesting by March 1, 2029.
- 10,058 PSUs (F5): portion of a 17,569-PSU award from Mar 6, 2023; Committee certified ~57% of performance criteria and this portion will vest/settle in shares on March 15, 2026 if Gummadi remains employed.
- Shares owned after transaction: not specified in the excerpt of the Form 4 provided here — consult the full filing for post-transaction holdings.
- Filing timeliness: filing date is Feb 27, 2026 for a Feb 25, 2026 grant; this falls within the standard Form 4 reporting window.
Context
These are equity awards (RSUs and PSUs) that create a contingent right to receive shares if vesting and/or performance conditions are met — they are not cash purchases or sales and do not indicate an immediate market buy/sell. The PSU tranche reflects partial achievement of prior performance goals and is scheduled to settle mid-March 2026, subject to continued service. For a complete picture of insider holdings and any tax-withholding/settlement mechanics, review the full Form 4 filing and related award agreements.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-25+27,718→ 27,718 total→ Class A Common Stock (27,718 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-25+11,413→ 11,413 total→ Class A Common Stock (11,413 underlying) - Award
Performance Stock Units
[F4][F5]2026-02-25+10,058→ 10,058 total→ Class A Common Stock (10,058 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
- [F2]A total of 27, 718 RSUs were granted on February 25, 2026, under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with 1/12th of such RSUs first vesting on June 1, 2026, and each quarterly anniversary of such date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2029).
- [F3]A total of 11,413 RSUs were granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with (i) 1/8th of such RSUs vesting on each of June 1, 2026 and the next three quarterly anniversaries of such date; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on the eleventh quarterly anniversary of such date (March 1, 2029).
- [F4]Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company.
- [F5]Represents a portion of the 17,569 PSUs (a) that were originally granted on March 6, 2023, pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 25, 2026, that approximately 57% of the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the portion of the award shown in Table II above will vest and settle in Class A Common Stock of the Company on March 15, 2026, provided that the Reporting Person remains in the Company's service through such date.