Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief People Officer Kathryn Diaz reports stock transactions related to vesting restricted stock units.
Summary
- Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, filed a Form 4.
- The filing reports the vesting of 377 shares of Class A Common Stock on May 16, 2024, from a restricted stock unit (RSU) award granted on February 16, 2023.
- 132 shares were withheld to cover applicable taxes at a price of $70.33.
- Following these transactions, Diaz directly owns 11,328 shares of Class A Common Stock and 2,637 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: Neutral sentiment as it's a routine disclosure of stock transactions by an executive.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 16, 2023 | Date of original RSU grant. |
| May 16, 2023 | Commencement of quarterly vesting of RSUs. |
| May 16, 2024 | Date of reported stock vesting and tax withholding. |
| February 16, 2026 | Date when RSUs will be fully vested. |
| May 20, 2024 | Date of Form 4 signature. |
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