Form 4: Cognizant Executive Surya Gummadi Reports Stock Transactions
SEC Form 4 Filing
Surya Gummadi, President Americas at Cognizant, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On May 15, 2025, Surya Gummadi, President Americas at Cognizant Technology Solutions, reported transactions involving Class A Common Stock.
- These transactions included the vesting of 2,084 restricted stock units (RSUs) and the withholding of 1,023 shares to cover applicable taxes at a price of $80.36 per share.
- Following these transactions, Gummadi directly owns 43,387 shares of Class A Common Stock and 4,170 RSUs.
- The RSUs were originally granted on November 15, 2022, and vest in quarterly installments over three years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies like Cognizant. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| November 15, 2022 | Date of original grant of 25,016 Restricted Stock Units (RSUs). |
| February 15, 2023 | Commencement of quarterly vesting of RSUs. |
| May 15, 2025 | Date of the reported transaction: vesting of 2,084 RSUs and tax withholding. |
| November 15, 2025 | Date when all RSUs will be fully vested. |
| May 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cognizant, Stock, RSU, Surya Gummadi, Vesting, Insider Trading
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