Cognizant Officer Rajesh Varrier Vests RSUs and Withholds Shares for Taxes
COGNIZANT TECHNOLOGY SOLUTIONS CORP
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Filing Summary
CTSH Insider Activity | Form 4
Company: Cognizant Technology Solutions Corp (CTSH)
Insider: Rajesh Varrier (President Operations CMD India)
Date: 2026-09-15
Transaction Summary:
• RSUs Vested: 1,270 shares acquired (Code M, $0.00)
• Tax Withholding: 468 shares withheld at $64.10 ($29,998.80 value)
• Net Shares Added: +802 shares
• Post-Transaction Direct Holdings: 11,264 shares
Significance: Low (Routine equity vesting & tax withholding)
Comprehensive Analysis
Transaction Overview
On September 15, 2026, Rajesh Varrier, President of Operations CMD India at Cognizant Technology Solutions Corp ($CTSH), engaged in routine equity compensation activity:
- RSU Acquisitions (Code M): Acquired an aggregate of 1,270 shares of Class A Common Stock across three separate restricted stock unit (RSU) tranches (749, 272, and 249 shares) upon vesting at $0 per share.
- Tax Withholding (Code F): Disposed of 468 shares at $64.10 per share ($29,998.80 total) to satisfy mandatory tax withholding obligations.
- Net Change: Following these transactions, Mr. Varrier's beneficial direct ownership increased by 802 shares to 11,264 shares of Class A Common Stock.
Derivative Holdings Summary
- 749 RSUs from the September 3, 2024 award were fully settled (0 remaining).
- 272 RSUs from the September 3, 2024 quarterly schedule were settled, leaving 544 RSUs remaining.
- 249 RSUs from the March 3, 2025 award were settled, leaving 1,497 RSUs remaining.
Market Significance
This filing carries Low trading significance as the dispositions were non-discretionary tax-withholding shares triggered by pre-scheduled RSU vesting events under Cognizant's 2023 Incentive Award Plan.
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