Form 4: Kyndryl CEO Martin J. Schroeter Reports Stock Transactions
SEC Form 4 Filing
Kyndryl's CEO, Martin J. Schroeter, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On August 1, 2024, Kyndryl CEO Martin J. Schroeter had shares withheld to cover tax obligations related to vesting restricted stock units.
- 44,185 shares were withheld at a price of $24.81 per share related to restricted stock units granted on August 1, 2022.
- An additional 35,081 shares were withheld at a price of $24.81 per share related to restricted stock units granted on August 1, 2023.
- These shares were not sold by Schroeter but were instead offset from the total number of vested shares received.
- Following these transactions, Schroeter beneficially owns 1,356,473 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to tax obligations; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Date of original grant of 86,552 restricted stock units. |
| 08/01/2023 | Date of original grant of 68,717 restricted stock units. |
| 08/01/2024 | Date of transaction: withholding of shares for tax obligations. |
| 08/05/2024 | Date of report filing. |
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