Form 4: Kyndryl CFO David Wyshner Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Kyndryl CFO David Wyshner reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On October 1, 2024, Kyndryl CFO David B Wyshner had 49,786 shares of common stock withheld to satisfy tax obligations.
- These shares were related to the vesting of 97,333 restricted stock units granted on October 1, 2021.
- The withholding occurred at a price of $22.61 per share.
- Following the transaction, Wyshner directly owns 487,600 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Date of grant for 97,333 restricted stock units. |
| 10/01/2024 | Date of share withholding for tax obligations. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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