Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
Kathryn Diaz, EVP and Chief People Officer at Cognizant, reports the vesting of restricted stock units and associated tax withholding.
Summary
- Kathryn Diaz, EVP and Chief People Officer of Cognizant Technology Solutions, reported transactions involving Class A Common Stock on February 23, 2024.
- These transactions include the vesting of 229 restricted stock units (RSUs) from an award granted on February 23, 2021.
- Additionally, 85 shares were withheld to cover applicable taxes at a price of $79.82 per share.
- Following these transactions, Diaz directly owns 8,119 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of original grant of 2,744 restricted stock units (RSUs) that vest quarterly over three years. |
| 05/23/2021 | Commencement of quarterly vesting of RSUs. |
| 02/23/2024 | Date of transaction: Vesting of 229 RSUs and tax withholding of 85 shares. |
| 02/27/2024 | Date of Form 4 filing. |
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