Form 4: Cognizant EVP Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
Kathryn Diaz, EVP and Chief People Officer at Cognizant, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, reported changes in beneficial ownership of Class A Common Stock on June 6, 2024.
- The transactions involved the vesting of 934 restricted stock units (RSUs) and the withholding of 330 shares to cover applicable taxes at a price of $66.31.
- Following these transactions, Diaz directly owns 12,660 shares of Class A Common Stock and 4,677 RSUs.
- The RSUs were originally granted on September 6, 2023, and vest in ten successive quarterly installments.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Date of original grant of 8,415 Restricted Stock Units (RSUs) |
| 12/06/2023 | Commencement of RSU vesting in quarterly installments |
| 06/06/2024 | Date of transaction: Vesting of 934 RSUs and tax withholding of 330 shares |
| 03/06/2026 | Final vesting date for the RSUs |
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