Cognizant stock options employees
In a filing to US regulator SEC, Cognizant said it will "award performance units to certain executive officers of the company subject to attainment of certain performance milestones as well as certain continued service requirements".
% stock options to Cognizant employees if - jyfyyuxy.web.fc2.com Business
These executives include CEO Francisco D'Souza 93, performance units , President Gordon J Coburn 49, , Group Chief Executive Industries and Markets Rajeev Mehta 43, , Group Chief Executive Technology and Operations Ramakrishnan Chandrasekaran 31, , CFO Karen McLoughlin 18, and Senior VP, General Counsel and Secretary Steven Schwartz 9, One-third of such performance units shall be issued 18 months from December 3 provided the grantee remains in service.
The remaining units will be issued 36 month from the date of grant. Cognizant, which follows January-December fiscal, has guided its revenue in to be at least USD 7.
This was a downward revision from earlier in the year, when the company had hoped to grow at 23 per cent. Cognizant has been growing faster than its some Indian counterparts over the last few quarters and a lower growth target may come as a dampener for Indian IT sector, which is already seeing flat IT budgets and increased cost of operations.
In the year to March , industry body Nasscom expects Indian IT services exports to growt by at least 11 per cent from earlier expectation of per cent growth during April-March Some of the larger companies including Infosys and Wipro Infosys are expected to grow much slower during the same period.
However, Tata Consultancy services and HCL Technologies are expected to be sector growth leaders during the year. Cognizant has also granted restricted stock units to D'Souza 50, , Coburn 26, , Mehta 23, , Chandrasekaran 17, , McLoughlin 10, and Schwartz 5, NewsApp Free Read news as it happens Available on.
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Cognizant , Gordon J Coburn , Steven Schwartz , Karen McLoughlin , HCL Technologies. Cognizant's hiring mix changes Cognizant widens its gap with Infosys.
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