Form 4: Kyndryl CFO David Wyshner Reports Tax Withholding on Vested Stock Units
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 August 1, 2024, Kyndryl CFO David Wyshner had shares withheld by the company to cover tax obligations related to the vesting of restricted stock units.
- A total of 16,866 shares were withheld at a price of $24.81 per share to cover taxes on restricted stock units granted on August 1, 2022.
- An additional 13,391 shares were withheld at the same price to cover taxes on restricted stock units granted on August 1, 2023.
- Following these transactions, Wyshner directly owns 537,386 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions related to tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations on vested stock units.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Date of original grant of 32,972 restricted stock units. |
| 08/01/2023 | Date of original grant of 26,178 restricted stock units. |
| 08/01/2024 | Date of transaction: withholding of shares for tax obligations. |
| 08/05/2024 | Date of Form 4 filing. |
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