Form 4: Kyndryl Executive Maryjo Charbonnier Reports Stock Transaction

Kyndryl's Chief Human Resources Officer, Maryjo Charbonnier, had 2,878 shares of common stock withheld to cover tax obligations related to vesting restricted stock units.

Summary

• Maryjo Charbonnier, Chief Human Resources Officer at Kyndryl Holdings, Inc., reported a transaction involving the company's common stock.
• On December 16, 2024, 2,878 shares were withheld to cover tax obligations related to the vesting of 5,636 restricted stock units granted on December 16, 2021.
• The shares were withheld at a price of $35.65 per share.
• The transaction did not involve a sale by Ms. Charbonnier, but rather an offset from the total number of vested shares received.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting of previously granted stock options and the associated tax obligations.

Comparison to Industry Standards

• The vesting of restricted stock units and the subsequent withholding of shares for tax purposes is a standard practice in executive compensation across publicly traded companies.
• Similar transactions are regularly reported by executives at other technology and service companies, such as IBM, Accenture, and Tata Consultancy Services.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a standard part of executive compensation.

Key Dates

Keywords

Kyndryl, stock transaction, Form 4, insider trading, restricted stock units, tax withholding, executive compensation, Maryjo Charbonnier