Cognizant (CTSH) CEO converts RSUs to stock and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions CEO Ravi Kumar Singisetti reported equity award activity involving restricted stock units and common shares. On February 16, 2026, 5,777 restricted stock units were exercised and converted into 5,777 shares of Class A common stock at a stated price of $0.00 per share, reflecting vesting of a prior RSU grant. On the same date, 3,072 shares of Class A common stock were withheld at $66.55 per share to cover applicable taxes. After these transactions, he directly owned 77,914 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,777 shares exercised/converted
Mixed
3 txns
Insider
Singisetti Ravi Kumar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,777 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,777 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,072 | $66.55 | $204K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 80,986 shares (Direct)
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on February 16, 2023. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 69,318 RSUs were originally granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date and the remainder of the RSUs were fully vested on February 16, 2026.
FAQ
What insider transactions did Cognizant (CTSH) disclose for its CEO?
Cognizant reported that CEO Ravi Kumar Singisetti exercised 5,777 restricted stock units into 5,777 Class A common shares. On the same date, 3,072 shares were withheld to satisfy tax obligations related to this vesting event under the company’s 2017 Incentive Award Plan.
What type of equity award vested for Cognizant (CTSH) CEO Ravi Kumar Singisetti?
The filing shows vesting of restricted stock units granted on February 16, 2023 under Cognizant’s 2017 Incentive Award Plan. Each RSU represents a contingent right to receive one share of Class A common stock, with quarterly vesting installments over three years until full vesting on February 16, 2026.
What was the original size and vesting schedule of the CEO’s RSU grant at Cognizant (CTSH)?
The CEO originally received 69,318 restricted stock units on February 16, 2023. These RSUs began vesting quarterly on May 16, 2023, with one-twelfth vesting on each quarterly date, and the remaining RSUs becoming fully vested on February 16, 2026, as disclosed in the footnotes.