Cognizant (CTSH) CFO Jatin Dalal Receives RSU Vesting; Shares Withheld

What Happened

• Jatin P. Dalal, CFO of Cognizant Technology Solutions (CTSH), had RSUs vest on September 15, 2026. A total of 2,494 shares were issued upon conversion of RSUs into common stock (two conversion entries of 1,846 and 648 shares).
• To cover tax withholding, 1,347 shares were withheld at an effective price of $64.10 per share, totaling $86,343. After withholding, Dalal received a net of 1,147 shares.
• These were not open-market purchases or sales for investment purposes but routine RSU vesting and tax withholding (codes: M = exercise/conversion of derivative/RSU; F = shares withheld for tax payment).

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (filed within the typical two-business-day window).
• Shares vested/converted: 2,494 (1,846 + 648). Shares withheld for taxes: 1,347 at $64.10/share = $86,343. Net shares delivered: 1,147.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: these shares came from RSU awards granted March 3, 2025 (two grants referenced — one 22,153-RSU grant vesting quarterly over three years; one 7,783-RSU grant with a specified staggered vesting schedule). Withholding was used to pay applicable taxes.
• Transaction codes explained: M = exercise/conversion of derivative (RSU to stock); F = tax withholding (disposition of shares to cover taxes).

Context

• This was a routine vesting of RSUs rather than a buy or sell signal. The withholding of shares to cover taxes is common and does not necessarily indicate a view on the company’s stock.
• For retail investors tracking insider activity, RSU vesting shows executive compensation realization but is less informative than open-market purchases (which can be interpreted as a stronger bullish signal).