Form 4: Cognizant CPO's Equity Transactions Post-Vesting

Cognizant's Chief People Officer, Kathryn Diaz, reported the vesting and settlement of restricted and performance stock units, alongside tax-related share dispositions.

Summary

• Kathryn Diaz, Chief People Officer of Cognizant Technology Solutions Corp, acquired a total of 4,587 shares of Class A Common Stock through the vesting and settlement of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) on March 15, 2026.
• This includes 699 shares from a March 3, 2025 RSU award, 75 shares from another March 3, 2025 RSU award, 2,743 shares from a March 6, 2023 PSU award, and 1,070 shares from a September 6, 2023 PSU award.
• Concurrently, 2,234 shares of Class A Common Stock were disposed of at a price of $60.37 per share to cover applicable taxes related to these vesting events.
• Following these transactions, Kathryn Diaz beneficially owns 21,204 shares of Class A Common Stock directly.
• Remaining derivative holdings include 5,588 RSUs from one grant and 299 RSUs from another, with all reported PSUs having been settled.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation, reflecting the scheduled vesting of equity awards and subsequent tax-related share dispositions. It does not indicate new operational performance or strategic shifts.

Positives

• Kathryn Diaz received 4,587 shares of Class A Common Stock from the vesting and settlement of previously granted equity awards, indicating the successful achievement of performance conditions for PSUs and the passage of time for RSUs.
• The settlement of Performance Stock Units (PSUs) granted in March and September 2023 confirms that a portion of the associated performance conditions were satisfied as of February 25, 2026.

Negatives

• 2,234 shares of Class A Common Stock were withheld to cover applicable taxes, representing a reduction in the direct beneficial ownership of the reporting person.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports past insider transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by insiders. These transactions, typically related to executive compensation plans, are common and generally do not reflect new strategic initiatives or operational performance.

Stakeholder Impact

• Shareholders: The filing details routine executive compensation activities, which are part of the company's established governance and compensation practices. No direct material impact on other stakeholders is indicated.

Next Steps

• Remaining Restricted Stock Units (RSUs) granted on March 3, 2025, will continue to vest in quarterly installments until March 15, 2028.

Key Dates

Keywords

Cognizant, CTSH, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Stock Units, Equity Awards, Stock Vesting