Cognizant (NASDAQ: CTSH) CPO Diaz details RSU vesting and share tax withholding
Rhea-AI Filing Summary
Cognizant Technology Solutions Chief People Officer Kathryn Diaz reported routine equity compensation activity tied to restricted stock units (RSUs). On March 1, 2026, 744 RSUs vested and were converted into 744 shares of Class A common stock, reflecting 1/12th of an award granted on February 28, 2024.
To cover taxes on this vesting, 386 shares of Class A common stock were withheld at a price of $64.43 per share. After these transactions, Diaz held 18,605 shares of Class A common stock directly and 2,973 RSUs, which continue to vest quarterly through March 1, 2027 under the company’s 2023 Incentive Award Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 744 | $0.00 | -- |
| Exercise | Class A Common Stock | 744 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 386 | $64.43 | $25K |
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on February 28, 2024. 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 8,919 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2027).
FAQ
What did Cognizant (CTSH) executive Kathryn Diaz report in this Form 4?
How many Cognizant (CTSH) RSUs vested for Kathryn Diaz on March 1, 2026?
What is the size and vesting schedule of Kathryn Diaz’s Cognizant (CTSH) RSU grant?
Does this Cognizant (CTSH) Form 4 show an open-market stock sale by Kathryn Diaz?