Form 4: Cognizant Director Patsalos-Fox Reports Stock Transactions

Director Michael Patsalos-Fox reports acquisition and disposal of Cognizant Technology Solutions Corp. Class A Common Stock and Restricted Stock Units.

Summary

• On June 6, 2024, Director Michael Patsalos-Fox engaged in transactions involving Cognizant Technology Solutions Corp. Class A Common Stock and Restricted Stock Units (RSUs).
• He acquired 3,582 shares of Class A Common Stock upon the vesting of RSUs granted on June 6, 2023, under the company's 2023 Incentive Award Plan, including dividend equivalent rights.
• He also disposed of a fractional share related to the vested RSUs, receiving cash in lieu of the fractional share.
• Following these transactions, Patsalos-Fox directly owns 58,277 shares of Class A Common Stock and indirectly owns 10,000 shares through PFOXFAMILY LLC.
• The RSUs represent a contingent right to receive one share of the company's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by a company director, indicating neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions may provide stakeholders with insights into the director's view of the company's stock value.

Key Dates