Kerdman Alina 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Cognizant (CTSH) SVP Alina Kerdman Exercises RSUs and Sells Shares
What Happened
Alina Kerdman, SVP, Controller & CAO of Cognizant Technology Solutions (CTSH), had 207 restricted stock units (RSUs) vest on July 1, 2026. Of the vested shares, 68 were withheld to cover taxes (valued at $38.73 each, totaling $2,634) and 137 were sold in the open market at $39.82 each for total proceeds of $5,455. The filings show the RSUs converted to shares (derivative exercise/settlement) and the subsequent disposals.
Key Details
- Transaction date: July 1, 2026; Form filed July 6, 2026. (No timeliness flag provided in the supplied data.)
- Vesting / conversion: 207 RSUs vested (reported as derivative exercise/conversion, code M).
- Tax withholding: 68 shares withheld to satisfy tax withholding at $38.73/share = $2,634 (code F).
- Open‑market sale: 137 shares sold at $39.82/share = $5,455 (code S).
- The sale was executed pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on August 19, 2025 (footnote F4).
- These 207 shares represent the vesting of 2/3 of 1/6 of an original grant of 1,864 RSUs from July 1, 2025; the overall grant vests in multiple quarterly installments through Jan 1, 2028 (footnotes F1, F5).
- Shares owned after the transactions are not specified in the material provided; see the Form 4 for full holdings disclosure.
Context
This was a routine RSU vesting event with tax withholding and an immediate sale of the remaining shares under a pre‑existing 10b5‑1 plan — effectively a cashless settlement. Such transactions are common for executives receiving equity compensation and do not by themselves indicate the insider’s view on the company’s outlook.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-07-01+207→ 1,197 total - Tax Payment
Class A Common Stock
[F3]2026-07-01$38.73/sh−68$2,634→ 1,129 total - Sale
Class A Common Stock
[F4]2026-07-01$39.82/sh−137$5,455→ 992 total - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-07-01−207→ 830 total→ Class A Common Stock (207 underlying)
Footnotes (5)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 1, 2025.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F4]The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2025.
- [F5]A total of 1,864 RSUs were originally granted on July 1, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in ten successive quarterly installments, commencing on October 1, 2025, with (i) 1/6th of such RSUs vesting on the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the three successive vesting dates; and (iv) the remainder of such RSUs vesting on the tenth vesting date (January 1, 2028).