Form 4: Cognizant Executive Surya Gummadi Reports Stock Transactions Following RSU Vesting

EVP and President, Americas, Surya Gummadi, reports transactions involving Cognizant Technology Solutions Corp. Class A Common Stock related to the vesting of Restricted Stock Units (RSUs).

Summary

• Surya Gummadi, EVP and President, Americas, of Cognizant Technology Solutions Corp., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involve the vesting of Restricted Stock Units (RSUs) into Class A Common Stock.
• On February 15, 2025, 2,085 shares were acquired from the vesting of RSUs granted on November 15, 2022.
• An additional 36 shares were acquired from fully vested RSUs granted on November 15, 2022.
• 753 shares were withheld to cover applicable taxes at a price of $90.7 per share.
• On February 16, 2025, 754 shares were acquired from the vesting of RSUs granted on February 16, 2023.
• Another 1,256 shares were acquired from the vesting of RSUs granted on February 16, 2023.
• 688 shares were withheld to cover applicable taxes at a price of $90.7 per share.
• Following these transactions, Gummadi directly owns 39,378 shares of Class A Common Stock and holds derivative securities including 2,514 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of RSUs indicates that the executive is meeting performance or time-based milestones set by the company.

Industry Context

Executive stock transactions are a normal part of corporate governance and compensation practices. Form 4 filings are required by the SEC to provide transparency into insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the execution of existing compensation plans.

Key Dates