Form 4: Cognizant Executive Kathryn Diaz Reports Stock Transactions
SEC Form 4 Filing
Kathryn Diaz, Chief People Officer at Cognizant Technology Solutions, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Kathryn Diaz, Chief People Officer of Cognizant Technology Solutions, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Diaz vested 292 shares of Class A Common Stock from a restricted stock unit (RSU) award granted on March 1, 2022.
- Additionally, 744 shares vested from an RSU award granted on February 28, 2024.
- 344 shares were withheld to cover applicable taxes at a price of $83.33 per share.
- Following these transactions, Diaz directly owns 12,914 shares of Class A Common Stock and 5,946 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The vesting of RSUs impacts the total number of outstanding shares, potentially diluting existing shareholders' ownership, although the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of original grant of 3,496 Restricted Stock Units (RSUs) that began vesting quarterly on June 1, 2022. |
| 06/01/2022 | Commencement date for quarterly vesting of the 3,496 RSUs granted on March 1, 2022. |
| 02/28/2024 | Date of original grant of 8,919 Restricted Stock Units (RSUs) that will vest in twelve successive quarterly installments, with the first vesting on June 1, 2024. |
| 06/01/2024 | First vesting date for the 8,919 RSUs granted on February 28, 2024. |
| 03/01/2025 | Date of transaction: Vesting of 292 shares from 2022 RSU award and 744 shares from 2024 RSU award; also, tax withholding of 344 shares. |
| 03/01/2025 | Date the remainder of the 3,496 RSUs granted on March 1, 2022 were fully vested. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 03/01/2027 | Date the 8,919 RSUs granted on February 28, 2024 will be fully vested. |
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.