Diaz Kathryn 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Cognizant CPO Kathryn Diaz Receives 744 RSUs; 386 Withheld
What Happened Kathryn Diaz, Chief People Officer of Cognizant Technology Solutions (CTSH), had 744 restricted stock units (RSUs) vest on March 1, 2026. Of those, 386 shares were withheld to cover tax withholding at $64.43 per share (total value withheld ~$24,870) and the remaining 358 shares were issued to her. The filing shows the RSU conversion (derivative exercise) and the share-withholding for taxes; this is a routine vesting event rather than an open-market buy or sell.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
- Vesting: 744 RSUs converted to 744 shares (reported as derivative exercise).
- Tax withholding: 386 shares withheld at $64.43 each for taxes, total ~$24,870 (reported as a disposition).
- Net shares delivered to insider: 358 shares.
- Shares owned after transaction: not specified in this filing.
- Relevant footnotes: F1–F4 explain these were 1/12th quarterly vesting of an 8,919-RSU grant made Feb 28, 2024 (RSUs vest quarterly through Mar 1, 2027); RSUs convert to one share each; withholding was to pay taxes.
Context This was a standard RSU vesting and share-withholding (net settlement) to cover tax obligations, not an open-market sale or purchase. The filing uses derivative/option-conversion codes because RSUs convert to shares on the vesting date; withholding of shares to satisfy tax liabilities is common and does not, by itself, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-03-01+744→ 18,991 total - Tax Payment
Class A Common Stock
[F3]2026-03-01$64.43/sh−386$24,870→ 18,605 total - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-03-01−744→ 2,973 total→ Class A Common Stock (744 underlying)
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on February 28, 2024.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F4]A total of 8,919 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2027).