Form 4: Cognizant SVP, Controller & CAO, Robert Telesmanic, Reports Stock Transactions
SEC Form 4 Filing
Robert Telesmanic, SVP, Controller & CAO of Cognizant Technology Solutions Corp, reports the settlement of performance-based stock units and related tax withholding.
Summary
- Robert Telesmanic, a Senior Vice President, Controller, and CAO at Cognizant Technology Solutions Corp, filed a Form 4.
- The filing reports transactions involving Class A Common Stock.
- On March 15, 2025, Telesmanic settled 1,475 performance stock units (PSUs), receiving 1,475 shares of Class A Common Stock.
- 699 shares were withheld to cover applicable taxes at a price of $79.12 per share.
- Following these transactions, Telesmanic directly owns 33,132 shares of Class A Common Stock.
- He also indirectly owns 800 shares through a parent's estate, for which he serves as the Appointed Fiduciary.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | PSUs were originally granted under the Company's 2017 Incentive Award Plan. |
| May 2015 | The reporting person has been the Appointed Fiduciary of the estate since May 2015. |
| March 3, 2025 | A portion of the performance conditions were determined to be satisfied. |
| March 15, 2025 | PSUs were vested and settled in Class A Common Stock of the Company. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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.