Dalal Jatin P 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) CFO Jatin Dalal Vests Shares; 16,785 Withheld
What Happened Jatin P. Dalal, Chief Financial Officer of Cognizant Technology Solutions (CTSH), received 31,340 shares on March 15, 2026 from the vesting/settlement of RSUs and performance-based stock units (PSUs). Of those shares, 16,785 were withheld to satisfy tax obligations at $60.37 per share, generating $1,013,310 in tax withholding. The remaining 14,555 shares were delivered to him net of withholding. The PSUs’ performance conditions were certified on February 25, 2026 and settled in shares on March 15, 2026.
Key Details
- Transaction date: March 15, 2026 (filed March 17, 2026 — timely filing).
- What occurred: Conversion/vesting of derivatives (code M) and tax withholding via share surrender (code F).
- Shares vested/issued: 31,340 total (28,521 PSUs; 1,846 and 973 RSU tranches).
- Shares withheld for taxes: 16,785 at $60.37 each = $1,013,310.
- Net shares delivered to insider: 14,555.
- Footnotes: PSUs were granted Feb 28, 2024 and performance was certified Feb 25, 2026 (settled Mar 15, 2026). RSUs were from grants on Mar 3, 2025 with scheduled vesting patterns described in the filing. Shares were withheld to pay taxes (routine).
- Shares owned after transaction: not specified in the provided data.
Context This was not an open-market sale; it was the vesting/settlement of equity awards with shares withheld to cover tax liabilities (a common, routine disposition). The filing shows conversion/vesting (derivative exercise/settlement) and a tax-withholding disposition rather than a discretionary sale or purchase.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-03-15+1,846→ 41,317 total - Exercise/Conversion
Class A Common Stock
[F3][F2]2026-03-15+973→ 42,290 total - Exercise/Conversion
Class A Common Stock
[F4][F5]2026-03-15+28,521→ 70,811 total - Tax Payment
Class A Common Stock
[F6]2026-03-15$60.37/sh−16,785$1,013,310→ 54,026 total - Exercise/Conversion
Restricted Stock Units
[F2][F7]2026-03-15−1,846→ 14,769 total→ Class A Common Stock (1,846 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F8]2026-03-15−973→ 3,892 total→ Class A Common Stock (973 underlying) - Exercise/Conversion
Performance Stock Units
[F5][F4]2026-03-15−28,521→ 0 total→ Class A Common Stock (28,521 underlying)
Footnotes (8)
- [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 March 3, 2025.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on March 3, 2025.
- [F4]Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan. The performance conditions were determined to be satisfied on February 25, 2026, and the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026.
- [F5]Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company.
- [F6]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F7]A total of 22,153 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, 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 15, 2028).
- [F8]A total of 7,783 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 15, 2028).