Cognizant Director Michael Patsalos-Fox Acquires Stock Units via Dividend Equivalents
COGNIZANT TECHNOLOGY SOLUTIONS CORP
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Filing Summary
Cognizant Technology (CTSH) Director Michael Patsalos-Fox acquired 52.43 stock units on 2026-08-25. The transaction, valued at $0, was an award through dividend equivalent rights. Following the transaction, the Director directly holds 10,070.82 derivative securities.
Comprehensive Analysis
On August 25, 2026, Michael Patsalos-Fox, a Director at Cognizant Technology Solutions Corp, acquired derivative securities as reported in a Form 4 filing. The transactions were not open-market purchases but rather acquisitions resulting from dividend equivalent rights on existing stock unit holdings.
Specifically, the director received:
- 30.60 Deferred Restricted Stock Units (DRSUs)
- 21.83 Restricted Stock Units (RSUs)
Both transactions were recorded with a price of $0 per unit, indicating they were grants or awards. The footnotes clarify that these units were received pursuant to dividend equivalent rights accrued on previously outstanding awards. The DRSUs are fully vested and will be settled in stock upon the director's departure from the board. The RSUs are scheduled to vest on June 2, 2027. These types of acquisitions are common and considered low-significance as they are non-discretionary and part of the compensation structure.
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