4/A: Cognizant Executive Rajesh Varrier Corrects Vesting Schedule Error in Amended SEC Filing
SEC Filing
Rajesh Varrier, EVP-Global Head of Operations at Cognizant, files an amended SEC Form 4/A to correct an error in the vesting schedule of restricted stock units (RSUs) granted on September 3, 2024.
Summary
- Rajesh Varrier, an executive at Cognizant Technology Solutions, filed an amended SEC Form 4/A on September 12, 2024.
- The filing corrects an error in the vesting schedule of 5,991 Restricted Stock Units (RSUs) granted on September 3, 2024, under the company's 2023 Incentive Award Plan.
- The RSUs will vest in eight successive quarterly installments, starting December 15, 2024, and fully vesting on September 15, 2026.
- The original Form 4, filed on September 5, 2024, contained an error in reporting the first and last vesting dates for the award.
- No other information from the original Form 4, including details about the award of 4,884 Restricted Stock Units with a different vesting schedule, has been updated.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The document does not contain any specific forward-looking statements beyond the vesting schedule of the RSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of key executives.
Stakeholder Impact
- The correction of the vesting schedule ensures accurate reporting to stakeholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of earliest transaction (grant of RSUs) |
| 09/05/2024 | Date of original Form 4 filing |
| 09/12/2024 | Date of amended Form 4/A filing |
| 12/15/2024 | First vesting date for 1/8th of the RSUs |
| 09/15/2026 | Final vesting date for the RSUs |
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