0001058290-23-000038.txt : 20230221
0001058290-23-000038.hdr.sgml : 20230221
20230221165319
ACCESSION NUMBER: 0001058290-23-000038
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230216
FILED AS OF DATE: 20230221
DATE AS OF CHANGE: 20230221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kim John Sunshin
CENTRAL INDEX KEY: 0001853867
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-24429
FILM NUMBER: 23649061
MAIL ADDRESS:
STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6FL.
CITY: TEANECK
STATE: NJ
ZIP: 07666
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COGNIZANT TECHNOLOGY SOLUTIONS CORP
CENTRAL INDEX KEY: 0001058290
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 133728359
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL.
CITY: TEANECK
STATE: NJ
ZIP: 07666
BUSINESS PHONE: 2018010233
MAIL ADDRESS:
STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL.
CITY: TEANECK
STATE: NJ
ZIP: 07666
4
1
wf-form4_167701636400263.xml
FORM 4
X0306
4
2023-02-16
0
0001058290
COGNIZANT TECHNOLOGY SOLUTIONS CORP
CTSH
0001853867
Kim John Sunshin
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK
NJ
07666
0
1
0
0
EVP & General Counsel
Restricted Stock Units
2023-02-16
4
A
0
14692
0
A
Class A Common Stock
14692.0
14692
D
Restricted Stock Units
2023-02-16
4
A
0
6781
0
A
Class A Common Stock
6781.0
6781
D
Performance Stock Units
2023-02-16
4
A
0
2286
0
A
Class A Common Stock
2286.0
2286
D
Restricted Stock Units
2023-02-16
4
A
0
7534
0
A
Class A Common Stock
7534.0
7534
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
A total of 14,692 RSUs were granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).
Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
A total of 6,781 RSUs were granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 16, 2023, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (February 16, 2026).
Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company.
Represents a portion of the 2,502 PSUs (a) that were originally granted on March 5, 2020 pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 16, 2023, that approximately 91.4% of the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the portion of the award shown in Table II above will vest and settle in Class A Common Stock of the Company on March 15, 2023, provided that the Reporting Person remains in the Company's service through such date.
A total of 7,534 special RSUs (which are not intended to be part of Reporting Person's target direct compensation) were granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).
/s/ Carrie P. Ryan, on behalf of John Kim, by Power of Attorney
2023-02-21