Kerdman Alina 4

What Happened

• Alina Kerdman, Senior Vice President, Controller & CAO of Cognizant (CTSH), had 200 restricted stock units (RSUs) vest on March 15, 2026. The vesting converted into 200 shares of Class A common stock (no cash exercise price).
• Of those 200 shares, 67 were withheld to cover taxes (withholding value reported at $60.37 per share = $4,045) and 131 shares were sold in the open market on March 16, 2026 at $60.78 per share for proceeds of $7,962. The transactions were processed under a 10b5‑1 trading plan.

Key Details

• Transaction dates and prices:
  • 3/15/2026: 200 RSUs vested / converted to 200 shares (exercise/conversion reported; $0 exercise price).
  • 3/15/2026: 67 shares withheld for taxes at $60.37/share (tax withholding value $4,045).
  • 3/16/2026: 131 shares sold at $60.78/share (proceeds $7,962) — sale executed under a Rule 10b5‑1 plan adopted Aug 19, 2025.
• Shares owned after transaction: The filing does not state total beneficial ownership; math on this vesting event implies 200 vested -> 67 withheld -> 131 sold = 2 shares remaining from this vesting tranche.
• Notable footnotes: RSUs were from a March 3, 2025 grant of 2,394 RSUs that vest quarterly over three years (1/12th per quarter). Each RSU converts to one share. Withholding and the sale were routine mechanics of vesting and planned selling.
• Timeliness: Reported period 3/15/2026 and filed 3/17/2026 — timely for a Form 4 (typically due within two business days).

Context

• This was a routine RSU vesting event (no cash paid for exercise) combined with tax withholding and a pre‑arranged sale under a 10b5‑1 plan. Such transactions commonly reflect compensation vesting and automated selling to cover taxes or diversify, rather than a discretionary market-timing trade.