Cognizant Director Receives Dividend Equivalent Stock Units

On August 25, 2026, Abraham Schot, a Director at Cognizant Technology Solutions Corp, was awarded 21.8273 Restricted Stock Units (RSUs). The transaction, reported in a Form 4 filing, was an acquisition with a price of $0.00 per unit. According to the filing's footnotes, these RSUs were granted as dividend equivalent rights accrued on previously outstanding units. This type of transaction is a common, non-discretionary event where dividends on the underlying stock are reinvested as additional equity awards. Following this acquisition, Schot's direct holdings of derivative securities increased to 4,192.8273 units. The newly acquired RSUs are scheduled to vest on June 2, 2027. Given the nature of the transaction as an automatic dividend reinvestment, its significance is considered low and does not represent a new discretionary investment decision by the insider.