Varrier Rajesh 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) Rajesh Varrier Exercises RSUs; 466 Shares Withheld
What Happened
Rajesh Varrier, President Operations CMD India at Cognizant (CTSH), had a total of 1,271 restricted stock units (RSUs) vest on June 15, 2026 (749 + 272 + 250). Those RSUs converted into common shares (derivative exercise/conversion). To satisfy tax withholding, 466 of the newly issued shares were withheld and disposed at $52.17 per share for total withholding proceeds of $24,311. The remaining 805 shares were retained by Varrier.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
- Actions reported: exercise/conversion of RSUs (transaction code M) and withholding/disposition of shares for taxes (transaction code F).
- Shares vesting: 749, 272 and 250 shares (total 1,271). Shares withheld for taxes: 466 @ $52.17 = $24,311. Net shares retained from this vesting: 805.
- Derivative lines showing $0.00 represent the conversion of RSUs into ordinary shares (no cash exercise price).
- Footnotes: Vesting relates to RSU grants under the company’s 2023 Incentive Award Plan — grants include awards from Sept 3, 2024 and Mar 3, 2025 with staggered quarterly vesting schedules (see F1–F8). F5 notes shares were withheld to pay applicable taxes.
- Filing does not disclose total companywide holdings after this transaction in the provided summary; net newly acquired shares from this vesting = 805.
Context
This was not a market purchase or sale for investment proceeds but routine RSU vesting with shares withheld to cover tax obligations (a common, non-speculative administrative action). For derivative/RSU transactions, conversion to shares followed by withholding to pay taxes is standard and does not on its own indicate a buy/sell sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-06-15+749→ 10,072 total - Exercise/Conversion
Class A Common Stock
[F3][F2]2026-06-15+272→ 10,344 total - Exercise/Conversion
Class A Common Stock
[F4][F2]2026-06-15+250→ 10,594 total - Tax Payment
Class A Common Stock
[F5]2026-06-15$52.17/sh−466$24,311→ 10,128 total - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-06-15−749→ 749 total→ Class A Common Stock (749 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7]2026-06-15−272→ 816 total→ Class A Common Stock (272 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F8]2026-06-15−250→ 1,746 total→ Class A Common Stock (250 underlying)
Footnotes (8)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/8th of the restricted stock unit ("RSU") award granted on September 3, 2024.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/6th of the RSU award granted on September 3, 2024.
- [F4]Shares of Class A Common Stock of the Company received from the vesting of 1/12th of the RSU award granted on March 3, 2025.
- [F5]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F6]A total of 5,991 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over two years, commencing on December 15, 2024, with 1/8th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the eighth quarterly vesting date (September 15, 2026).
- [F7]A total of 4,884 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on December 15, 2024, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the tenth vesting date (March 15, 2027).
- [F8]A total of 2,993 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 15, 2028).