Form 4: Cognizant SVP, Controller & CAO Robert Telesmanic Reports Stock Transactions
SEC Form 4
Robert Telesmanic, SVP, Controller & CAO of Cognizant Technology Solutions, reports the vesting of restricted stock units and associated tax withholding.
Summary
- Robert Telesmanic, a Senior Vice President, Controller, and CAO at Cognizant Technology Solutions, filed a Form 4 detailing changes in beneficial ownership.
- On May 16, 2025, Telesmanic received 576 shares of Class A Common Stock from the vesting of restricted stock units (RSUs).
- Also on May 16, 2025, 272 shares were withheld to cover applicable taxes at a price of $81.36 per share.
- Following these transactions, Telesmanic directly owns 33,436 shares of Class A Common Stock.
- Telesmanic also indirectly owns 800 shares through a parent's estate where he serves as the Appointed Fiduciary.
- He also holds 1,729 Restricted Stock Units.
- The RSUs were granted on February 16, 2023, and vest quarterly over three years, commencing on May 16, 2023, and fully vesting on February 16, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of RSUs indicates continued employment and contribution to the company by a key executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding upon vesting is a standard practice in equity compensation.
- Companies like Accenture, Infosys, and Tata Consultancy Services also utilize similar equity compensation plans for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 16, 2023 | Date of grant for 6,913 Restricted Stock Units (RSUs) under the 2017 Incentive Award Plan. |
| May 16, 2023 | Commencement date for quarterly vesting of RSUs. |
| May 16, 2025 | Date of transaction: vesting of 576 shares and tax withholding of 272 shares. |
| February 16, 2026 | Final vesting date for the RSUs. |
| May 20, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Cognizant, CTSH, Robert Telesmanic, Restricted Stock Units, Beneficial Ownership, Vesting, SVP, Controller & CAO
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