Form 4: Cognizant Executive John Kim Reports Stock Transactions
SEC Form 4 Filing
John Kim, CLO, CAO & Corporate Secretary of Cognizant Technology Solutions, reports the settlement of performance-based stock units and related tax withholding.
Summary
- On March 15, 2025, John Kim, CLO, CAO & Corporate Secretary of Cognizant Technology Solutions Corp, settled 3,279 performance-based stock units (PSUs) into Class A Common Stock.
- These PSUs were granted on March 1, 2022, under the company's 2017 Incentive Award Plan and vested based on the satisfaction of certain performance conditions determined on March 3, 2025.
- Additionally, 1,750 shares of Class A Common Stock were withheld to cover applicable taxes at a price of $79.12 per share.
- Following these transactions, Kim directly owns 38,311 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | PSUs originally granted under the Company's 2017 Incentive Award Plan |
| 03/03/2025 | A portion of the performance conditions were determined to be satisfied |
| 03/15/2025 | Settlement of PSUs into Class A Common Stock and tax withholding |
| 03/18/2025 | Date of signature for the Form 4 filing |
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