Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4
Kathryn Diaz, Chief People Officer at Cognizant Technology Solutions, reports the vesting of restricted stock units and associated tax withholding.
Summary
- Kathryn Diaz, Chief People Officer of Cognizant Technology Solutions, filed a Form 4 detailing changes in beneficial ownership.
- On March 6, 2025, Diaz vested 935 shares of Class A Common Stock from restricted stock units (RSUs) granted on September 6, 2023.
- 312 shares were withheld to cover applicable taxes at a price of $84.285 per share.
- Following these transactions, Diaz directly owns 13,537 shares of Class A Common Stock and 1,872 RSUs.
- The RSUs vest in installments, with the final vesting date on March 6, 2026.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting scheduled vesting and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Date of RSU grant under the 2023 Incentive Award Plan (8,415 RSUs granted). |
| 12/06/2023 | Commencement of RSU vesting in successive quarterly installments. |
| 03/06/2025 | Date of reported transaction: Vesting of 935 shares and tax withholding of 312 shares. |
| 03/06/2026 | Final vesting date for the RSUs. |
| 03/10/2025 | Date of Form 4 signature. |
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