Form 4: Cognizant Director Zein Abdalla Reports Stock Transactions Following RSU Vesting

Director Zein Abdalla reports acquisition and disposal of Cognizant Technology Solutions Corp. Class A Common Stock related to the vesting of restricted stock units.

Summary

• On June 6, 2024, Zein Abdalla, a director of Cognizant Technology Solutions Corp., reported transactions involving Class A Common Stock.
• These transactions are related to the vesting of restricted stock units (RSUs) granted on June 6, 2023, under the company's 2023 Incentive Award Plan.
• Abdalla acquired 3,582 shares upon the vesting of the RSUs and related dividend equivalent rights.
• 14 shares were withheld to cover applicable taxes at a price of $66.31.
• Abdalla also received cash in lieu of a fractional share related to the RSUs and the corresponding fractional RSU was cancelled.
• Following these transactions, Abdalla beneficially owns 19,143 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates