Dalal Jatin P 4

What Happened

• Cognizant CFO Jatin P. Dalal had restricted stock units (RSUs) vest on June 15, 2026. A total of 2,494 RSUs converted into shares (1,846 + 648). To cover tax withholding, 1,346 of those shares were surrendered at $52.17/share for total withholding of $70,221, leaving approximately 1,148 shares delivered to him.
• The filing shows the RSU conversions reported as derivative exercises/conversions (transaction code M) and the withheld shares reported as a tax withholding payment (code F). Some conversion lines are reported with $0 because RSUs convert into stock rather than a cash purchase.

Key Details

• Transaction date: June 15, 2026 (Form 4 filed June 17, 2026).
• Shares vested/converted: 2,494 total (1,846 and 648). Shares withheld for taxes: 1,346 at $52.17 = $70,221. Net shares received: ~1,148.
• Reported values: withheld-share price used = $52.17/share; RSU conversion lines show $0 (standard for RSU-to-share conversion).
• Shares owned after transaction: not specified in the filing.
• Footnotes: These shares come from RSU awards granted March 3, 2025 (22,153- and 7,783-share grants) with multi-year quarterly vesting schedules; the reported vesting entries reflect scheduled installments. Withholding was routine tax-satisfying treatment (code F).

Context

• This is a routine vesting and tax-withholding event for executive compensation, not an open-market buy or sell that signals a trading decision. RSU vesting is commonly reported as a derivative conversion (no cash exercise price) with a separate share-withholding to cover taxes.