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COGNIZANT TECHNOLOGY SOLUTIONS CORP·4

Feb 27, 6:08 PM ET

Gummadi Surya 4

Research Summary

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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.