Varrier Rajesh 4

What Happened
Rajesh Varrier, President Operations (CMD India) of Cognizant Technology Solutions (CTSH), had a total of 5,478 shares issued on March 15, 2026 from the vesting/settlement of RSUs and PSUs. Of those, 2,036 shares were withheld to cover taxes at $60.37 per share (total withheld = $122,913). After withholding, Varrier received 3,442 net shares. Using the $60.37 figure used for withholding, the gross value of the issued shares was about $330,707 and the net value after withholding was about $207,794 (estimates based on the withholding price).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely).
• Transaction codes: M = exercise/conversion of derivative (vesting/settlement of RSUs/PSUs); F = shares withheld to pay tax liability.
• Shares issued (gross): 5,478 (from multiple RSU/PSU vesting/settlement events).
• Shares withheld for taxes: 2,036 at $60.37/share = $122,913.
• Shares issued to insider (net): 3,442 shares.
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: shares came from RSU grants (Sept 3, 2024 and Mar 3, 2025) and settlement of performance-based stock units (PSUs) for which performance was certified Feb 25, 2026. Each RSU/PSU converts to one share. Tax withholding was done via share surrender.

Context

• This was not an open-market purchase or sale; it was the conversion/settlement of equity awards (RSUs and PSUs) upon vesting/performance certification.
• The transaction included share withholding to satisfy tax obligations (common for equity compensation), not a cash sale by the insider.
• Transaction types: M = derivative conversion (vesting/settlement), F = tax withholding.