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 August 16, 2024, 377 shares were acquired through the vesting of restricted stock units (RSUs) granted on February 16, 2023.
- Also on August 16, 2024, 131 shares were disposed of to cover applicable taxes at a price of $75.86 per share.
- Following these transactions, Diaz directly owns 13,148 shares of Class A Common Stock and 2,260 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: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects part of the executive compensation structure at Cognizant.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| February 16, 2023 | Date of original grant of 4,520 Restricted Stock Units (RSUs). |
| May 16, 2023 | Commencement date for quarterly vesting of RSUs. |
| August 16, 2024 | Date of reported transactions: RSU vesting and tax withholding. |
| February 16, 2026 | Date when all RSUs will be fully vested. |
| August 20, 2024 | Date of signature on the Form 4 filing. |
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