Form 4: Kyndryl Group President Elly Keinan Acquires Over 492,000 Shares Through Performance Unit Vesting

Kyndryl Holdings, Inc. Group President Elly Keinan acquired 492,495 shares of common stock through the vesting of performance share units, with 272,351 shares withheld for tax obligations.

Summary

• Elly Keinan, Group President of Kyndryl Holdings, Inc., acquired 492,495 shares of common stock on May 29, 2025.
• These shares were acquired upon the achievement of pre-established performance targets for a three-year period from April 1, 2022, to March 31, 2025, related to previously granted performance share units (PSUs).
• Concurrently, 272,351 shares were withheld by the Issuer at a price of $38.76 per share to satisfy the reporting person's tax withholding obligations associated with the PSU vesting.
• The shares withheld for tax purposes were not sold by Mr. Keinan but were offset from the total vested shares.
• Following these transactions, Mr. Keinan beneficially owns 1,017,065 shares of Kyndryl common stock.

Sentiment

Score: 7

Explanation: The document indicates the achievement of performance targets leading to share vesting, which is a positive sign of executive performance and alignment. The tax withholding is a standard, non-discretionary event.

Positives

• The acquisition of 492,495 shares by Group President Elly Keinan indicates the achievement of pre-established performance targets, suggesting strong company or individual performance over the three-year period from April 1, 2022, to March 31, 2025.
• The vesting of performance share units aligns management incentives with shareholder value creation.

Negatives

• 272,351 shares were withheld for tax obligations, reducing the net number of shares received by the reporting person, though this is a standard procedure and not a discretionary sale.

Related Party Transactions

• The acquisition of shares by Group President Elly Keinan is a related party transaction, specifically the vesting of performance share units as part of an executive compensation plan.

Stakeholder Impact

• Shareholders: The vesting of PSUs for a key executive upon achieving performance targets can be viewed positively as it aligns management's interests with shareholder value. The increase in shares beneficially owned by a Group President may signal confidence.

Key Dates

Recommendation

Keywords

Kyndryl Holdings, KD, SEC Form 4, Insider Transaction, Elly Keinan, Performance Share Units, PSUs, Stock Vesting, Executive Compensation, Share Ownership, Tax Withholding