Cognizant (CTSH) Rajesh Varrier Receives RSU Shares; Taxes Withheld

What Happened

• Rajesh Varrier, President Operations CMD India at Cognizant Technology Solutions (CTSH), received vested restricted stock units (RSUs) that converted into 340 and 204 shares (total 544 shares) on September 1, 2026.
• Of those, 210 shares were withheld to cover applicable taxes at $64.58 per share, generating $13,562 in tax payment. The RSU-to-share conversions show $0 cash proceeds (they are vesting conversions, not cash sales).
• This activity is an award/vesting event (not an open-market purchase or a voluntary sale); the tax withholding is a routine disposition to satisfy tax obligations.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (no late filing indicated).
• Shares acquired via vesting: 340 and 204 (total 544). Shares withheld for taxes (disposed): 210 at $64.58/share = $13,562.
• Net new shares added to Varrier after withholding: 334 shares (544 vested minus 210 withheld).
• Footnotes: RSUs granted Feb 25, 2026 (two grants: 4,076 RSUs and 1,630 RSUs) with quarterly vesting schedules (see F1–F6). F4 notes shares were withheld to pay taxes. F2 clarifies each RSU equals one share.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding.

Context

• This was a routine RSU vesting event; converting RSUs to shares and withholding some to cover taxes is common compensation processing and doesn't by itself indicate insider sentiment about the stock.
• The conversion entries at $0.00 reflect that RSUs converted into shares (no cash sale proceeds); the taxable obligation was satisfied by share withholding rather than a separate cash payment.