Cognizant (CTSH) SVP Alina Kerdman Receives RSUs; Shares Withheld

What Happened Alina Kerdman, SVP, Controller & CAO of Cognizant Technology Solutions (CTSH), had RSUs vest on September 1, 2026. A total of 621 vested RSUs converted into common shares (199 + 14 + 408). To cover tax withholding, 206 shares were surrendered at $64.58 per share for a tax payment of $13,303; the remaining 415 shares were delivered to her. These entries are recorded as derivative exercises/conversions (code M) and a tax withholding/payment (code F).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely).
• Vesting/conversion: 199, 14 and 408 RSUs → total 621 shares converted.
• Tax withholding: 206 shares withheld at $64.58/share = $13,303 (code F; footnote F5).
• Net shares delivered to insider: 415 shares (621 vested − 206 withheld).
• Relevant footnotes: vested RSUs came from grants on Feb 28, 2024 and Feb 25, 2026 (see F1–F4, F6–F8 describing vesting schedules); each RSU represents a right to one share (F2).
• Filing timeliness: no late-filing flag indicated in the provided data.

Context These transactions reflect routine RSU vesting and a common cashless settlement to cover withholding — not an open-market purchase or sale. Code M indicates conversion/exercise of derivative awards (here, RSUs), and the F entry shows shares withheld to satisfy tax obligations. For retail investors, vested RSUs are compensation events and do not, by themselves, signal a buy/sell decision by the insider.