Form 4: Cognizant EVP Kathryn Diaz Reports Stock Transactions
SEC Form 4
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, filed a Form 4.
- On March 6, 2024, Diaz received 1,402 shares of Class A Common Stock from the vesting of restricted stock units (RSUs).
- 500 shares were withheld to cover applicable taxes at a price of $76.69 per share.
- Following these transactions, Diaz beneficially owns 9,212 shares of Class A Common Stock and 5,611 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
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 vesting of RSUs impacts the total number of outstanding shares, but the effect is minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Date of grant for 8,415 RSUs under the Company's 2023 Incentive Award Plan. |
| 12/06/2023 | Commencement of vesting for the RSUs, in 10 successive quarterly installments. |
| 03/06/2024 | Date of transaction: Vesting of 1,402 shares and tax withholding of 500 shares. |
| 03/06/2026 | Final vesting date for the remaining RSUs. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.