Schot Abraham 4

What Happened
Schot Abraham, a director of Cognizant Technology Solutions (CTSH), received a new grant of 4,171 restricted stock units (RSUs) on 2026-06-02 and had prior RSUs vest and convert to shares on 2026-06-03. The vesting/conversion produced 2,919 shares; 29 of those shares were withheld to satisfy tax withholding (29 × $55.14 = $1,599) and a fractional 0.626 share was paid out in cash (~$35). The new 4,171 RSU award is a derivative award (no cash consideration) and is scheduled to vest on June 2, 2027.

Key Details

• Transaction dates: Grant (A) of 4,171 RSUs on 2026-06-02; vesting/conversion (M) and related tax withholding (F) on 2026-06-03. Filing date: 2026-06-04 (timely).
• Prices/values: Tax withholding: 29 shares × $55.14 = $1,599; cash in lieu of fractional share: ~$35. RSUs themselves recorded at $0 (derivative award).
• Shares received/retained: 2,919 vested RSUs converted to shares; 29 shares withheld for taxes; 0.626 fractional share paid in cash.
• Footnotes of note: Each RSU represents a contingent right to receive one share; the 4,171 RSUs granted on 6/2/26 vest on 6/2/27 (F4). The vested RSUs on 6/3/26 related to a 6/3/25 grant and dividend-equivalent RSUs (F1, F5). Fractional RSU was cancelled and paid in cash per plan (F6).
• Shares owned after the transactions are not disclosed in the provided excerpt.

Context

• RSUs are grants that convert into common shares upon vesting; no cash purchase is required. The conversion here was effectively a vesting event followed by standard tax withholding (share‑withholding and cash in lieu of a fractional share).
• This filing reflects routine equity compensation activity (award grant + vesting/withholding) by a director, not an open‑market purchase or sale indicating direct bullish/sell sentiment.