Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
Kathryn Diaz, Chief People Officer at Cognizant, reports the settlement of performance-based stock units and related tax withholding.
Summary
- Kathryn Diaz, Chief People Officer of Cognizant Technology Solutions, reported transactions involving Class A Common Stock.
- On March 15, 2025, 983 performance-based stock units (PSUs) were settled, resulting in the issuance of 983 shares of Class A Common Stock.
- Also on March 15, 2025, 353 shares were withheld to cover applicable taxes at a price of $79.12 per share.
- Following these transactions, Diaz directly owns 14,167 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | PSUs were originally granted under the Company's 2017 Incentive Award Plan. |
| March 3, 2025 | A portion of the performance conditions were determined to be satisfied. |
| March 15, 2025 | PSUs were vested and settled in Class A Common Stock; shares withheld for taxes. |
| March 18, 2025 | Date of signature on the Form 4 filing. |
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