CTSH.NASDAQCognizant Technology Solutions CORP

Form 4: Cognizant EVP Kathryn Diaz Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Kathryn Diaz, EVP and Chief People Officer at Cognizant, reports the vesting of restricted stock units and associated tax withholding.

Summary

  • Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, filed a Form 4 on March 5, 2024, reporting changes in beneficial ownership of the company's Class A Common Stock.
  • On March 1, 2024, 291 shares were acquired through the vesting of restricted stock units (RSUs) granted on March 1, 2022.
  • Also on March 1, 2024, 100 shares were disposed of to cover applicable taxes at a price of $78.61 per share.
  • Following these transactions, Diaz beneficially owns 8,310 shares of Class A Common Stock directly and 1,166 restricted stock units.
  • The RSUs were granted under the company's 2017 Incentive Award Plan and vest in quarterly installments over three years.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Cognizant.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

DateDescription
03/01/2022Date of original RSU grant.
06/01/2022Commencement of quarterly vesting of RSUs.
03/01/2024Date of RSU vesting and tax withholding.
03/01/2025Date when RSUs will be fully vested.
03/05/2024Date of Form 4 filing.

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