Dalal Jatin P 4

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.