Form 4: Cognizant Director John M. Dineen Reports Acquisition of Restricted Stock Units

Director John M. Dineen reports acquisition of 3,366 restricted stock units (RSUs) of Cognizant Technology Solutions Corp.

Summary

• On June 4, 2024, John M. Dineen, a director of Cognizant Technology Solutions Corp., acquired 3,366 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation.
• The RSUs will vest fully on June 4, 2025.
• Dineen has elected to defer payment of these RSUs until a change in control, death/disability, or in three equal installments starting July 1 following termination of service.
• Following the transaction, Dineen beneficially owns 3,366 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, with no inherent positive or negative sentiment.

Future Outlook

The director has elected to defer payment of the RSUs, indicating a long-term view of the company's prospects.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by a director can align the director's interests with those of the shareholders.

Key Dates