Form 4: Kyndryl Executive Edward Sebold Reports Stock Transactions
SEC Form 4 Filing
General Counsel and Secretary Edward Sebold reports the withholding of Kyndryl Holdings, Inc. common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 1, 2024, Edward Sebold, General Counsel and Secretary of Kyndryl Holdings, Inc., had shares of common stock withheld by the issuer to cover tax obligations.
- A total of 6,225 shares were withheld at a price of $24.81 per share related to the vesting of 12,365 restricted stock units granted on August 1, 2022.
- Additionally, 4,943 shares were withheld at the same price of $24.81 per share related to the vesting of 9,817 restricted stock units granted on August 1, 2023.
- Following these transactions, Sebold directly owns 150,674 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Date of grant for 12,365 restricted stock units. |
| 08/01/2023 | Date of grant for 9,817 restricted stock units. |
| 08/01/2024 | Date of stock withholding for tax obligations. |
| 08/05/2024 | Date of Form 4 filing. |
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