Cognizant CEO receives $14 million in compensation in 2020

BENGALURU: Cognizant CEO Brian Humphries received a total compensation of $13.8 million in 2020, according to the company’s 2021 proxy statement filing on the US SEC. It’s less than the $15.9 million he received in 2019. But $7 million of the latter ($4 million cash bonus and $3 million restricted stock units) was to compensate Humphries for forfeiting certain long-term compensation at Vodafone. Humphries joined Cognizant from Vodafone that year.

Humphries and other top executives received 85% of their annual cash incentive (ACI) in 2020. In 2019, Humphries had received 42.8% of the ACI.

In 2020, Humphries was granted performance stock units (PSUs) of $6.2 million (22% decrease vs 2019) and restricted stock units (RSUs) of $4.2 million (there were no RSUs in the target direct compensation in 2019).