Gummadi Surya 4

What Happened
Surya Gummadi, President — Americas of Cognizant Technology Solutions (CTSH), received a total of 12,353 shares on March 15, 2026 from the vesting/settlement of restricted stock units (RSUs) and performance stock units (PSUs). Of those shares, 5,974 were withheld to satisfy tax withholding obligations at an indicated per-share value of $60.37 (total withheld value $360,650), leaving a net of 6,379 shares added to his holdings. The filings show these as derivative conversions/settlements (transaction code M) and a tax withholding disposition (code F).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within the normal 2-business-day window).
• Shares received: 1,397 RSUs (1/12th of a March 3, 2025 RSU grant), 898 RSUs (1/8th of a March 3, 2025 RSU grant), and 10,058 PSUs (portion of 2023 PSU award determined to be satisfied). Total received = 12,353 shares.
• Shares withheld for taxes: 5,974 shares at $60.37/share = $360,650. Net shares added = 12,353 − 5,974 = 6,379.
• Transaction codes: M = exercise/conversion of derivatives (RSU/PSU settlement); F = shares withheld to pay tax liability.
• Footnotes clarify the RSU/PSU grant dates, vesting schedules, and that each RSU/PSU converts to one share. No 10b5-1 plan or late filing flag noted in the filing.

Context
These transactions reflect routine equity compensation vesting and settlement (not an open-market buy or discretionary sale). The withholding of shares to cover taxes is a common administrative action and should not be interpreted as a directional market bet by the insider.