Varrier Rajesh 4

What Happened

• Rajesh Varrier, President, Operations CMD India at Cognizant (CTSH), had restricted stock units (RSUs) vest on June 1, 2026. A total of 542 shares converted from RSUs (339 + 203). To cover tax withholding, 210 of those shares were withheld/treated as disposed at $55.76 per share for a withholding value of $11,710. The RSU conversions show no cash exercise price (RSUs convert to shares upon vesting).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (no late filing indicated).
• Vested shares: 339 shares (from a 4,076 RSU grant, 1/12th vesting) and 203 shares (from a 1,630 RSU grant, 1/8th vesting) — total 542 shares.
• Tax withholding: 210 shares withheld at $55.76 each, total withholding value $11,710.
• Shares acquired net of withholding: 542 vested − 210 withheld = 332 net shares received.
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes: F1/F3 describe the portions vested; F2 confirms each RSU equals one share; F4 notes shares were withheld to pay taxes; F5/F6 summarize the original grants and vesting schedules.

Context

• These transactions are RSU vestings (awards converting to shares), not open‑market purchases or sales of previously held stock. Withholding of shares to cover taxes is a common, routine administrative step (a cashless tax withholding), not a market sale intended as investment signaling.
• For retail investors: award vestings increase insider equity but do not by themselves indicate buying or selling intent.