Cognizant Director Acquires Stock Units via Dividend Equivalents
COGNIZANT TECHNOLOGY SOLUTIONS CORP
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Filing Summary
Cognizant Technology (CTSH) Director, Leo S. Mackay Jr., was granted 79.06 stock units valued at $0 on 2026-08-25. This acquisition was made through dividend equivalent rights on existing holdings.
Comprehensive Analysis
On August 25, 2026, Leo S. Mackay Jr., a Director at Cognizant Technology Solutions Corp, acquired a total of 79.0623 stock units. These transactions, reported on Form 4, were grants with a price of $0 per share and are not indicative of open-market activity. The acquisitions consist of three separate grants received as dividend equivalent rights on previously held units:
- 24.7194 Deferred Restricted Stock Units (DRSUs): These are fully vested and will be settled in stock upon the director's termination of service.
- 33.5156 Restricted Stock Units (RSUs): These are fully vested, with settlement deferred until a future event like termination of service.
- 21.8273 Restricted Stock Units (RSUs): These units will vest on June 2, 2027, with settlement also deferred.
This activity represents a routine acquisition of shares through a compensation plan and is considered to have low trading significance.
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