Cognizant Director Receives RSUs via Dividend Equivalents

On August 25, 2026, Joseph M. Velli, a Director at Cognizant Technology Solutions Corp, was granted 21.8273 Restricted Stock Units (RSUs). The transaction, reported in a Form 4 filing, was an acquisition (Code 'A') with a price of $0.00 per unit. According to the filing's footnotes, these RSUs were received as dividend equivalent rights on previously granted units, a common practice for equity awards. This is not an open-market transaction but rather an automatic accrual. The newly acquired RSUs are scheduled to vest on June 2, 2027. After this transaction, Mr. Velli's direct holdings of derivative securities in the company increased to 4,192.8273 units. The small size and nature of the transaction indicate it is a routine administrative event rather than a significant change in the insider's investment position.