Cognizant (NASDAQ: CTSH) CLO Kim receives stock awards, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions’ CLO, CAO and Corporate Secretary John Sunshin Kim reported equity awards vesting and related tax withholding. On March 15, 2026, 10,972 performance stock units granted on March 6, 2023 vested and were settled into 10,972 shares of Class A common stock after performance conditions were partially satisfied on February 25, 2026. On the same date, 1,647 restricted stock units from a 19,758‑unit March 3, 2025 grant vested, converting into 1,647 shares. To cover applicable taxes, 6,668 shares were withheld at $60.37 per share. After these transactions, Kim directly held 39,815 shares of Class A common stock and 13,172 unvested restricted stock units that continue to vest quarterly through March 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,619 shares exercised/converted
Mixed
5 txns
Insider
Kim John Sunshin
Role
CLO, CAO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,647 | $0.00 | -- |
| Exercise | Performance Stock Units | 10,972 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,647 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,972 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,668 | $60.37 | $403K |
Holdings After Transaction:
Restricted Stock Units — 13,172 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Class A Common Stock — 35,511 shares (Direct)
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 March 3, 2025. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on March 6, 2023, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 25, 2026, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026. Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 19,758 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, 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 15, 2028).
FAQ
What insider equity transactions did Cognizant (CTSH) officer John Sunshin Kim report?
John Sunshin Kim reported vesting of performance stock units and restricted stock units into Class A common shares, plus share withholding for taxes. These compensation-related transactions increased his direct shareholdings while settling previously granted equity awards under Cognizant’s incentive plans.
What restricted stock unit vesting did Cognizant (CTSH) disclose for John Sunshin Kim?
On March 15, 2026, 1,647 restricted stock units from a 19,758‑unit grant dated March 3, 2025 vested for John Sunshin Kim. Each RSU converts into one Class A share, and the grant vests quarterly over three years, completing on March 15, 2028.
What are John Sunshin Kim’s Cognizant (CTSH) holdings after these Form 4 transactions?
Following the March 15, 2026 transactions, John Sunshin Kim directly holds 39,815 shares of Cognizant Class A common stock. He also has 13,172 unvested restricted stock units outstanding, which continue to vest in equal quarterly installments through March 15, 2028.
How is the 2025 RSU grant to Cognizant (CTSH) officer John Sunshin Kim structured?
A total of 19,758 restricted stock units were granted to him on March 3, 2025 under the 2023 Incentive Award Plan. These RSUs vest in 12 equal quarterly installments starting June 15, 2025, with full vesting scheduled for the March 15, 2028 quarterly vesting date.