Form 4: Kyndryl Holdings Executive Edward Sebold Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Kyndryl Holdings' General Counsel and Secretary, Edward Sebold, reports withholding of 4,256 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On December 16, 2024, Edward Sebold, General Counsel and Secretary of Kyndryl Holdings, Inc., had 4,256 shares of common stock withheld to cover tax obligations.
- These shares were related to the vesting of 8,453 restricted stock units previously granted on December 16, 2021.
- The withholding occurred at a price of $35.65 per share.
- Following the transaction, Sebold directly owns 146,418 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/16/2021 | Date of original grant of 8,453 restricted stock units. |
| 12/16/2024 | Date of share withholding to cover tax obligations upon vesting of restricted stock units. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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