Form 4: Cognizant EVP John Kim Reports Stock Transactions
SEC Form 4 Filing
EVP & General Counsel of Cognizant, John Kim, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- John Kim, EVP & General Counsel of Cognizant Technology Solutions, filed a Form 4 on March 5, 2024.
- The report details transactions occurring on March 1, 2024, involving Class A Common Stock.
- 802 shares were acquired through the vesting of restricted stock units (RSUs) granted on March 1, 2022.
- 310 shares were disposed of to cover applicable taxes at a price of $78.61 per share.
- Following these transactions, Kim directly owns 28,437 shares of Class A Common Stock and 3,205 Restricted Stock Units.
- The RSUs vest in quarterly installments over three years, commencing on June 1, 2022, and will be fully vested by March 1, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates normal compensation and tax-related stock activity for an executive at Cognizant.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of original grant of 9,615 Restricted Stock Units (RSUs). |
| 06/01/2022 | Commencement date for quarterly vesting of RSUs. |
| 03/01/2024 | Date of reported transactions: vesting of 802 RSUs and tax withholding of 310 shares. |
| 03/01/2025 | Date when the RSUs will be fully vested. |
| 03/05/2024 | Date of Form 4 filing. |
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