Form 4: Cognizant EVP John Kim Reports Stock Transactions Following RSU Vesting
SEC Form 4
EVP, CLO, CAO of Cognizant, John Kim, reports stock transactions related to the vesting of restricted stock units.
Summary
- On May 15, 2024, John Kim, EVP, CLO, CAO of Cognizant Technology Solutions Corp, reported transactions involving Class A Common Stock.
- These transactions include the acquisition of 209 shares from the vesting of restricted stock units (RSUs) and the disposal of 114 shares to cover applicable taxes at a price of $68.86.
- Following these transactions, Kim directly owns 35,750 shares of Class A Common Stock and 624 Restricted Stock Units.
- The RSUs were originally granted on November 15, 2022, and vest in installments, with the final vesting date on February 15, 2025.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of unusual or concerning activity.
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 have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| November 15, 2022 | Date the Restricted Stock Units (RSUs) were originally granted. |
| February 15, 2023 | Commencement date of the nine successive quarterly installments for RSU vesting. |
| May 15, 2024 | Date of the reported transactions: acquisition of shares from RSU vesting and disposal of shares for tax obligations. |
| February 15, 2025 | Final vesting date for the remaining Restricted Stock Units (RSUs). |
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