Kerdman Alina 4

What Happened

• Alina Kerdman, SVP, Controller & CAO of Cognizant (CTSH), had RSUs convert to 619 shares on June 1, 2026 (three separate vesting/conversion events: 198, 14, and 407 shares). Of those shares, 207 were withheld to cover taxes (payment recorded at $55.76 per share, $11,542) and 146 were sold in the open market at $56.41 per share for $8,236. The remaining net increase to her position from this vesting event was 266 shares.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026.
• Vesting / conversion (code M): 198 + 14 + 407 = 619 shares acquired via RSU vesting.
• Tax withholding (code F): 207 shares withheld at $55.76/share = $11,542.
• Open-market sale (code S): 146 shares sold at $56.41/share = $8,236; sales executed under a Rule 10b5-1 plan adopted Aug 19, 2025 (footnote F6).
• Net effect: +266 shares retained after withholding and sale (619 acquired − 207 withheld − 146 sold).
• Notes: Several derivative entries show $0 disposals reflecting RSU conversion/settlement and tax withholding (see F1–F5 for grant/vesting details). No late filing indicated.

Context

• These transactions stem from automatic RSU vesting (not an open-market purchase) — RSUs convert to shares and then are often partially withheld to pay taxes and/or sold under pre-set plans. Such vesting events are routine compensation-related activity and do not by themselves imply a change in insider sentiment.