Form 4: Cognizant EVP Kathryn Diaz Reports Stock Transactions Following RSU Vesting
SEC Form 4
Kathryn Diaz, EVP and Chief People Officer at Cognizant, reported the vesting of restricted stock units and subsequent stock transactions.
Summary
- On May 17, 2024, Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, reported transactions related to the vesting of restricted stock units (RSUs).
- 89 shares of Class A Common Stock were received from the vesting of 1/12th of an RSU award granted on May 17, 2021.
- 30 shares were withheld to cover applicable taxes at a price of $68.76 per share.
- Following these transactions, Diaz directly owns 11,387 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The vesting of RSUs and subsequent stock transactions have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2021 | Date of original RSU grant for 1,061 RSUs. |
| 08/17/2021 | Commencement of quarterly vesting of RSUs. |
| 05/17/2024 | Date of transaction: Vesting of 1/12th of RSUs and tax withholding. |
| 05/21/2024 | Date of Form 4 filing. |
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