Form 4: Kyndryl Executive Charbonnier Settles Tax Obligations with Stock Withholding
SEC Form 4 Filing
Maryjo Charbonnier, Chief Human Resources Officer at Kyndryl Holdings, Inc., used stock withholding to cover tax obligations upon the vesting of restricted stock units.
Summary
- On August 1, 2024, Maryjo Charbonnier, the Chief Human Resources Officer of Kyndryl Holdings, Inc., had shares of common stock withheld by the issuer to cover tax obligations.
- A total of 4,210 shares were withheld at a price of $24.81 per share related to the vesting of 8,243 restricted stock units granted on August 1, 2022.
- An additional 3,341 shares were withheld at the same price of $24.81 per share related to the vesting of 6,544 restricted stock units granted on August 1, 2023.
- Following these transactions, Charbonnier beneficially owns 110,134 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on the total outstanding shares of Kyndryl, but is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Date of original grant of 8,243 restricted stock units. |
| 08/01/2023 | Date of original grant of 6,544 restricted stock units. |
| 08/01/2024 | Date of transaction (stock withholding for tax obligations). |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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