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

Chief Human Resources Officer Maryjo Charbonnier settled performance share units (PSUs) for Kyndryl Holdings, Inc., resulting in adjustments to her beneficial ownership of common stock.

Summary

• On February 1, 2025, Maryjo Charbonnier, Chief Human Resources Officer of Kyndryl Holdings, Inc., settled performance share units (PSUs) that were previously granted on December 16, 2021.
• The PSUs vested based on Kyndryl's achievement of pre-established share price targets over a three-year performance period from December 16, 2021, to December 15, 2024.
• The settlement resulted in the acquisition of 14,493 shares of common stock.
• 5,388 shares were withheld by the Issuer at a price of $37.7 to cover the Reporting Person's tax obligations.
• Following these transactions, Charbonnier directly owns 116,361 shares of Kyndryl common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing executive compensation and stock ownership. The vesting of PSUs suggests the company met certain performance targets, which is mildly positive. However, the document itself is neutral in tone.

Positives

• The vesting of performance share units indicates that Kyndryl achieved certain share price targets, which could be viewed positively.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards like PSUs to align management's interests with those of shareholders.
• The vesting criteria based on share price appreciation is a common practice.
• Tax withholding upon vesting of equity awards is standard procedure.

Stakeholder Impact

• The vesting of PSUs could have a minor positive impact on shareholder sentiment if it indicates the achievement of performance goals.

Key Dates