Form 4: Cognizant EVP John Kim Reports Stock Transactions
SEC Form 4 Filing
EVP, CLO, CAO of Cognizant, John Kim, reports stock transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On August 15, 2024, John Kim, EVP, CLO, CAO of Cognizant Technology Solutions Corp, reported transactions involving Class A Common Stock.
- 208 shares were acquired through the vesting of restricted stock units (RSUs).
- 113 shares were disposed of to cover applicable taxes at a price of $75.47 per share.
- Following these transactions, Kim directly owns 38,532 shares of Class A Common Stock and 416 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's view of the company's stock.
Key Dates
| Date | Description |
|---|---|
| November 15, 2022 | Date of original grant of 3,127 RSUs under the 2017 Incentive Award Plan. |
| February 15, 2023 | Commencement of RSU vesting in nine successive quarterly installments. |
| August 15, 2024 | Date of reported transactions: acquisition of 208 shares via RSU vesting and disposal of 113 shares for tax obligations. |
| February 15, 2025 | Final vesting date for the originally granted RSUs. |
| August 19, 2024 | Date of signature on the Form 4 filing. |
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