Cognizant Director Stephen Rohleder Receives Dividend Equivalent Rights on Equity Awards
This Form 4 filing reports that Stephen J. Rohleder, a director of Cognizant Technology Solutions Corp, received dividend equivalent rights on his deferred stock units and restricted stock units on May 27, 2026. Rohleder acquired 102.7137 deferred stock units and 100.6061 restricted stock units (78.6742 fully vested and 21.9319 vesting on June 3, 2026) through dividend accruals. These awards represent rights to receive shares of Class A Common Stock. The director has elected to defer settlement of these units until specific triggering events: a change in control, death/permanent disability, or the first July 1 following termination of service. The transactions increased his holdings to 16,648.957 deferred stock units and 16,307.3322 restricted stock units. All transactions occurred with a $0.00 price per share as they represent dividend equivalents rather than market purchases.