KD.NYSEKyndryl Holdings, INC

Form 4: Kyndryl Executive Elly Keinan Reports Stock Transactions Following RSU Vesting

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SEC Form 4 Filing

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Group President Elly Keinan reports the withholding of Kyndryl shares to cover tax obligations upon the vesting of restricted stock units.

Summary

  • On August 1, 2024, Elly Keinan, Group President of Kyndryl Holdings, Inc., had shares withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
  • A total of 34,644 shares were withheld at a price of $24.81 per share related to RSUs granted on August 1, 2022.
  • Additionally, 27,506 shares were withheld at the same price of $24.81 per share related to RSUs granted on August 1, 2023.
  • These transactions did not involve a sale of shares by Keinan but rather an offset from the total number of vested shares received.
  • Following these transactions, Keinan beneficially owns 767,530 shares of Kyndryl common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.

Key Dates

DateDescription
08/01/2022Date of original grant of 62,647 restricted stock units.
08/01/2023Date of original grant of 49,738 restricted stock units.
08/01/2024Date of transaction: withholding of shares for tax obligations upon vesting of RSUs.
08/05/2024Date of Form 4 signature.

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