Form 4: Kyndryl CFO David Wyshner Reports Significant Stock Grant and Tax-Related Share Withholding

Kyndryl Holdings, Inc.'s Chief Financial Officer, David B. Wyshner, reported the acquisition of 45,220 restricted stock units and the disposition of 6,764 shares for tax withholding purposes.

Summary

• Kyndryl Holdings, Inc. CFO David B. Wyshner was granted 45,220 shares of Common Stock on June 2, 2025, as restricted stock units (RSUs).
• These newly granted RSUs will vest in four equal annual installments, with the first vesting date scheduled for June 2, 2026.
• On June 3, 2025, Mr. Wyshner disposed of 6,764 shares of Common Stock at a price of $39.43 per share.
• This disposition was not a sale by the reporting person but represented shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of 13,222 restricted stock units previously granted on June 3, 2024.
• Following these transactions, David B. Wyshner beneficially owns 673,303 shares of Kyndryl Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the grant of new restricted stock units to the CFO, aligning his interests with the company's long-term performance. The tax withholding is a neutral, routine event.

Positives

• The grant of 45,220 restricted stock units to the CFO aligns management's interests with long-term shareholder value, indicating continued commitment to the company.

Negatives

• The disposition of 6,764 shares, while for tax withholding purposes and not a direct sale, reduces the immediate share count received by the CFO from a vested RSU grant.

Future Outlook

The newly granted restricted stock units will vest in four equal annual installments, commencing on June 2, 2026, indicating a future schedule for equity compensation realization.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard equity compensation practices for executives, where restricted stock units are granted and shares are withheld to cover tax liabilities upon vesting.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and changes in insider ownership, which can be a signal of management's confidence in the company's future.

Next Steps

• First vesting of the 45,220 restricted stock units on June 2, 2026, followed by three subsequent annual vesting installments.

Key Dates

Keywords

Kyndryl Holdings, KD, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, CFO, David B. Wyshner, Beneficial Ownership, Stock Compensation, Tax Withholding