Cognizant (CTSH) Varrier Rajesh Receives RSU Shares; 468 Withheld

What Happened

• Varrier Rajesh, President Operations CMD India at Cognizant (CTSH), had restricted stock units (RSUs) convert into 1,270 shares on 2026-09-15 (749 + 272 + 249). Of those, 468 shares were withheld to cover tax obligations at $64.10 per share, generating $29,999. The conversions show $0 exercise price for the derivative-to-share events (typical for RSU vesting).

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (timely filing).
• Conversion amounts: 749, 272, and 249 RSUs converted to common shares (total 1,270 shares).
• Tax withholding: 468 shares withheld at $64.10/share for $29,999 (reported as payment of tax liability).
• Net shares retained by insider after withholding: 802 shares (1,270 received − 468 withheld).
• Notable footnotes: RSUs come from grants dated Sept 3, 2024 and March 3, 2025; each RSU converts to one share (F1–F4, F6–F8). F5 confirms shares were withheld to pay taxes.
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• This is a routine compensation-related RSU vesting and tax-withholding event, not an open-market purchase or discretionary sale. The derivative code (M) reflects conversion/exercise of RSUs into shares; the tax withholding (F) is effectively a share disposition to satisfy tax obligations. Such transactions generally reflect employee compensation vesting rather than a directional trading signal.