Cognizant (CTSH) president acquires common shares through vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions executive Balu Ganesh Ayyar acquired shares through RSU vesting and conversion. On February 16, 2026, he exercised restricted stock units, converting 1,005 and 63 RSUs into the same number of Class A common shares at a stated price of $0.0000 per share. Following these transactions, his direct ownership in Class A common stock increased to 99,746 shares.
The RSUs originated from awards granted on February 16, 2023 under Cognizant’s 2017 Incentive Award Plan. One award covered 12,055 RSUs vesting quarterly over three years, and another covered 1,506 RSUs with a more staggered quarterly vesting schedule, with both awards fully vested on February 16, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,068 shares exercised/converted
Mixed
4 txns
Insider
Ayyar Balu Ganesh
Role
President - IOA & ISG
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,005 | $0.00 | -- |
| Exercise | Restricted Stock Units | 63 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,005 | $0.00 | -- |
| Exercise | Class A Common Stock | 63 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 99,683 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. A total of 12,055 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. A total of 1,506 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 (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs were fully vested on February 16, 2026.
FAQ
What insider transaction did Cognizant (CTSH) executive Balu Ganesh Ayyar report?
Balu Ganesh Ayyar reported acquiring shares of Cognizant Class A common stock through the exercise and conversion of restricted stock units. These RSUs had fully vested under prior awards granted in 2023, resulting in additional directly owned shares at no stated cash exercise price.
What was the reported price for the Cognizant (CTSH) RSU conversions?
The RSU conversions into Cognizant Class A common stock were reported at a transaction price of $0.0000 per share. This reflects that restricted stock units, once vested, deliver shares without a separate cash exercise price paid by the reporting executive.
When were the underlying Cognizant (CTSH) RSU awards originally granted and how did they vest?
The underlying RSU awards were granted on February 16, 2023 under Cognizant’s 2017 Incentive Award Plan. One 12,055-RSU grant vested quarterly over three years, while a 1,506-RSU grant followed a staged quarterly schedule, with both awards fully vested on February 16, 2026.
What does each restricted stock unit represent for Cognizant (CTSH) executives?
Each restricted stock unit represents a contingent right to receive one share of Cognizant’s Class A common stock. Once vesting conditions are met, the RSUs convert into an equivalent number of shares, increasing the executive’s equity ownership without a separate share purchase.