Form 4: Cognizant Director Michael Patsalos-Fox Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Michael Patsalos-Fox reports acquisition of 3,366 Restricted Stock Units (RSUs) in Cognizant Technology Solutions Corp.
Summary
- On June 4, 2024, Michael Patsalos-Fox, 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.
- The transaction was reported on June 6, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the acquisition of restricted stock units, which is a neutral event.
Future Outlook
The RSUs will vest fully on June 4, 2025, contingent on continued service or other vesting conditions as per the grant agreement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of RSUs by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: Acquisition of 3,366 Restricted Stock Units |
| 06/04/2025 | Vesting date for the 3,366 Restricted Stock Units |
| 06/06/2024 | Date of report filing |
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