Form 4: Kyndryl Executive Elly Keinan Settles Performance Share Units, Adjusts Holdings

Group President Elly Keinan settled performance share units (PSUs) for Kyndryl Holdings, resulting in adjustments to his beneficial ownership of common stock.

Summary

• On February 1, 2025, Elly Keinan, Group President of Kyndryl Holdings, Inc., settled performance share units (PSUs) that were previously granted on December 16, 2021.
• The PSUs vested based on Kyndryl's share price performance over a three-year period from December 16, 2021, to December 15, 2024.
• The settlement resulted in Keinan acquiring 110,142 shares of common stock.
• Additionally, 57,066 shares were withheld to cover tax obligations at a price of $37.7 per share.
• Following these transactions, Keinan directly owns 796,921 shares of Kyndryl common stock.
• The settled PSUs represent a contingent right to receive one share of Kyndryl's common stock, payable in common stock or cash at the discretion of the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates