Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief People Officer of Cognizant, Kathryn Diaz, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Kathryn Diaz, EVP and Chief People Officer at Cognizant Technology Solutions, reported transactions involving Class A Common Stock.
- On February 16, 2025, 377 shares were acquired through the vesting of restricted stock units (RSUs) granted on February 16, 2023.
- Also on February 16, 2025, 148 shares were disposed of to cover applicable taxes at a price of $90.7 per share.
- Following these transactions, Diaz directly owns 12,222 shares of Class A Common Stock and 1,507 Restricted Stock Units.
- The RSUs vest in quarterly installments over three years, commencing on May 16, 2023, and will be fully vested by February 16, 2026.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This 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 transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 16, 2023 | Date of original grant of 4,520 Restricted Stock Units (RSUs). |
| May 16, 2023 | Commencement date of quarterly vesting of RSUs. |
| February 16, 2025 | Date of reported transactions: vesting of 377 shares and disposal of 148 shares for tax purposes. |
| February 16, 2026 | Date when all RSUs will be fully vested. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Cognizant, Kathryn Diaz, CTSH, Form 4, Stock, RSU, Restricted Stock Units, Vesting, Executive Compensation, Securities
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