Cognizant (NASDAQ: CTSH) CEO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions Chief Executive Officer Ravi Kumar Singisetti reported the vesting and settlement of equity awards. On March 1, 2026, 5,309 Restricted Stock Units vested and were converted into 5,309 shares of Class A Common Stock at a stated price of $0.00 per share, increasing his directly held common stock to 83,223 shares before tax withholding. On the same date, 2,845 shares of Class A Common Stock were disposed of at $64.43 per share to cover applicable taxes, leaving him with 80,378 shares directly owned afterward. The footnotes explain that these RSUs are part of a 63,710-unit grant made on February 28, 2024, vesting in equal quarterly installments over three years through March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,309 shares exercised/converted
Mixed
3 txns
Insider
Singisetti Ravi Kumar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,309 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,309 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,845 | $64.43 | $183K |
Holdings After Transaction:
Restricted Stock Units — 21,237 shares (Direct);
Class A Common Stock — 83,223 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 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 63,710 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 insider transactions did Cognizant (CTSH) report for its CEO?
Cognizant’s CEO reported RSU vesting and related tax withholding. On March 1, 2026, 5,309 Restricted Stock Units vested into 5,309 Class A shares, and 2,845 shares were disposed of to satisfy tax obligations connected to that vesting event.
How many Cognizant (CTSH) RSUs vested for the CEO in this Form 4?
The filing shows 5,309 Restricted Stock Units vested for the CEO. Each RSU represents one share of Class A Common Stock, reflecting 1/12th of a larger grant that vests quarterly over three years under Cognizant’s 2023 Incentive Award Plan.
What ongoing equity award schedule does Cognizant (CTSH) disclose for its CEO?
The CEO originally received 63,710 RSUs on February 28, 2024. This award vests in equal quarterly installments over three years, starting June 1, 2024, with full vesting expected on the twelfth quarterly vesting date, March 1, 2027.