Varrier Rajesh 4

What Happened Rajesh Varrier, President Operations CMD India for Cognizant Technology Solutions (CTSH), was granted equity awards on February 25, 2026: three RSU grants totaling 9,644 restricted stock units (4,076; 1,630; 3,938) and 3,256 performance stock units (PSUs). All awards were reported as grants (price $0.00) under the Company’s 2023 Incentive Award Plan; no cash was exchanged. The PSUs reflect the Committee’s determination that performance objectives were met at approximately 121% and, per the award terms, the PSU award will vest and be settled in shares on March 15, 2026 if Mr. Varrier remains employed through that date.

Key Details

• Transaction date: February 25, 2026; Filing date: February 27, 2026. Reported as award/grant transactions (code A) at $0.00 per unit.
• Awards: 4,076 RSUs (F2); 1,630 RSUs (F3); 3,938 RSUs (grant listed); 3,256 PSUs (adjusted payout per F5).
• Vesting highlights:
  • 4,076 RSUs: vest in 12 successive quarterly installments beginning June 1, 2026; fully vested by March 1, 2029 (F2).
  • 1,630 RSUs: complex 12-quarter schedule starting June 1, 2026 (mix of 1/8th, stepped fractions and remainder; fully by March 1, 2029) (F3).
  • 3,256 PSUs: originally granted Sept 3, 2024; Committee determined ~121% achievement; will vest and settle in shares on March 15, 2026 if still employed (F5).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: reported two days after the transaction date (filed Feb 27 for Feb 25 transactions); no late-filing flag provided in the excerpt.

Context RSUs are contingent rights to receive shares if vesting conditions (service/time) are met; PSUs pay out based on performance metrics and can vary from target (here ~121%). These grants are routine compensation awards and do not involve an open-market purchase or sale—no immediate bullish/sell signal should be inferred from a grant alone. The PSU settlement is subject to continued employment through the March 15, 2026 settlement date.