Form 4: Cognizant Executive Balu Ganesh Ayyar Reports Stock Transactions
SEC Form 4 Filing
Balu Ganesh Ayyar, a President at Cognizant, reports the acquisition of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
Summary
- On March 1, 2025, Balu Ganesh Ayyar, President IOA & ISG at Cognizant Technology Solutions Corp, acquired shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- 98 shares were acquired from an RSU award granted on March 1, 2022.
- 903 shares were acquired from the vesting of 1/12th of an RSU award granted on February 28, 2024.
- Following these transactions, Ayyar directly owns 87,601 shares of Class A Common Stock and 7,220 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of original grant of 2,331 Restricted Stock Units (RSUs) that vest quarterly. |
| 06/01/2022 | Commencement of quarterly vesting for the RSUs granted on March 1, 2022. |
| 02/28/2024 | Date of original grant of 10,830 Restricted Stock Units (RSUs) that vest quarterly. |
| 06/01/2024 | Commencement of quarterly vesting for the RSUs granted on February 28, 2024. |
| 03/01/2025 | Date of transaction: Acquisition of Class A Common Stock through RSU vesting; also the date the RSUs granted on March 1, 2022 were fully vested. |
| 03/04/2025 | Date of Form 4 filing. |
| 03/01/2027 | Date the RSUs granted on February 28, 2024 will be fully vested. |
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