Cognizant (CTSH) CFO Jatin P. Dalal Receives RSU Shares

What Happened

• Jatin P. Dalal, Chief Financial Officer of Cognizant Technology Solutions (CTSH), received shares from the vesting/conversion of RSUs on 2026-09-01. A total of 6,448 shares vested (1,964 + 2,955 + 1,529). To cover tax withholding, 3,504 of those shares were withheld (disposed) at $64.58 per share, resulting in $226,288 paid to satisfy tax liabilities. The filing shows the vesting/conversion as derivative exercises (code M) and the withholding as a tax payment (code F). Net shares retained from this vesting event: 2,944.
• This was not an open-market buy or sell for investment purposes but routine RSU vesting with a share-withholding tax payment (common for equity compensation).

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (reporting appears timely).
• Vested/converted shares: 6,448 total (1,964; 2,955; 1,529). Shares withheld for taxes: 3,504 @ $64.58 = $226,288.
• Net new shares retained by the insider: 2,944 (6,448 − 3,504).
• Shares owned after transaction: not specified in the provided filing extract.
• Footnotes: Vesting relates to RSU awards granted Feb 28, 2024 and Feb 25, 2026 (see footnotes F1–F4). F5 confirms shares were withheld to pay applicable taxes. Larger grant/background: F6–F8 describe original RSU grant sizes and vesting schedules (multi-year, quarterly vesting).
• Transaction codes explained: M = exercise/conversion of a derivative (here, RSU vesting/conversion); F = payment of tax liability via share withholding.

Context

• These entries reflect RSU vesting and a common "sell-to-cover" (share withholding) for taxes — not an active market sale or purchase that signals a change in investment stance.
• The filing records some derivative "disposed" lines at $0; those reflect the administrative conversion/settlement of RSUs rather than open-market sales with cash proceeds (the cash value here relates only to the tax withholding).
• For retail investors, such routine vesting events are common for executives and do not, by themselves, indicate a buy or sell signal.