Cognizant CEO Ravi Kumar Singisetti’s compensation has garnered attention, with reports indicating he received $22.56 million (approximately ₹186 crore) last year, making him the highest-paid Indian executive in the IT sector. The compensation package included shares valued at $20.25 million (nearly ₹169.1 crore) as per the company’s filing. Furthermore, the company outlined details regarding Performance Stock Units (PSUs) and equity awards in its filing.
Ravi Kumar Singisetti’s compensation primarily consisted of shares valued at $20.25 million, which underscores the significant portion of his remuneration tied to the company’s performance. The Performance Stock Units (PSUs) form a crucial component, with a target value of $3,000,000. These PSUs are subject to a performance condition based on the absolute total shareholder return over a four-year cycle. The company clarified that the payout for PSUs could range from 0 per cent to 250 per cent of the target, depending on the company’s stock performance.Additionally, Singisetti received an equity award comprising Restricted Stock Units (RSUs) with a grant date value of $5,000,000. This award served as a buyout to replace forfeited equity awards from his previous employer. However, it’s noteworthy that the actual payout for PSUs may significantly differ from the target value, potentially resulting in no payout at all. This emphasizes the performance-driven nature of Singisetti’s compensation package, aligning his incentives closely with the company’s performance and shareholder value creation.
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