Cognizant CEO Ravi Kumar’s compensation jumped in FY2024, reveals SEC filing

Cognizant CEO Ravi Kumar’s compensation increased in the fiscal year 2024, according to the company’s recent filing with the US Securities and Exchange Commission (SEC). As per the filing, Kumar’s annual compensation rose to $8.2 million in 2024, marking nearly 14% rise from the previous year. The company’s proxy statement noted that Kumar’s realized compensation was lower than the target direct compensation. This is primarily because his 2024 Performance Share Unit (PSU) grants are scheduled to vest in future periods, contingent upon meeting specific performance criteria.

Kumar assumed the role of CEO at Cognizant in January 2023, after serving as president at Infosys. During the 2024 fiscal year, Kumar’s direct compensation for 2024 was increased to $16,100,000, a 11% increase vs. 2023.