Form 4: Cognizant Director Leo S. Mackay Jr. Reports Stock Sale
SEC Form 4 Filing
Director Leo S. Mackay Jr. of Cognizant Technology Solutions Corp. reported the sale of 1,600 shares of Class A Common Stock at a price of $87.41 on February 11, 2025.
Summary
- On February 11, 2025, Leo S. Mackay Jr., a director of Cognizant Technology Solutions Corp., sold 1,600 shares of Class A Common Stock.
- The sale price was $87.41 per share.
- Following the transaction, Mackay directly owns 29,376 shares of Cognizant's Class A Common Stock.
- Mackay has granted a Limited Power of Attorney to John Kim, Kelli Arman, and Melissa Glass to handle Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2024-12-06 | Date of execution of the Limited Power of Attorney. |
| 2025-02-11 | Date of the stock sale transaction. |
| 2025-02-13 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cognizant, Stock Sale, Director, Mackay, CTSH, Section 16
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