CTSH.NASDAQCognizant Technology Solutions CORP

Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Cognizant Technology Solutions CORP
🔒Login to Follow

EVP and Chief People Officer Kathryn Diaz reports the settlement of performance-based stock units and related tax withholding.

Summary

  • Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, filed a Form 4 detailing changes in beneficial ownership.
  • On March 15, 2024, Diaz settled performance-based stock units (PSUs) originally granted on February 23, 2021, and May 17, 2021, under the company's 2017 Incentive Award Plan.
  • The settlement resulted in the acquisition of 2,508 and 1,293 shares of Class A Common Stock, respectively.
  • 1,270 shares were withheld to cover applicable taxes at a price of $75.33.
  • Following these transactions, Diaz directly owns 10,843 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

DateDescription
February 23, 2021Original grant date of performance-based stock units (PSUs).
May 17, 2021Original grant date of performance-based stock units (PSUs).
February 28, 2024Date a portion of the performance conditions were determined to be satisfied.
March 15, 2024Date of PSU settlement and stock transactions.
March 19, 2024Date of Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.