Form 4: Kyndryl CFO David Wyshner Reports Stock Transaction

Kyndryl's CFO, David Wyshner, had 11,531 shares of common stock withheld to cover tax obligations related to vesting restricted stock units.

Summary

• David Wyshner, the CFO of Kyndryl Holdings, Inc., reported a transaction involving the company's common stock.
• On December 16, 2024, 11,531 shares were withheld to cover tax obligations.
• These shares were related to the vesting of 22,542 restricted stock units previously granted on December 16, 2021.
• The shares were not sold by Mr. Wyshner but were instead offset from the total number of vested shares.
• The price per share for the transaction was $35.65.
• Following the transaction, Mr. Wyshner beneficially owns 476,069 shares of Kyndryl common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation and tax withholding are standard practices for publicly traded companies.
• The transaction is consistent with typical executive compensation plans.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Kyndryl, CFO, David Wyshner, stock transaction, restricted stock units, tax withholding, beneficial ownership