Form 4: Kyndryl SVP Vineet Khurana Reports Stock Transactions
SEC Form 4 Filing
Vineet Khurana, SVP & Global Controller of Kyndryl Holdings, Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 1, 2024, Vineet Khurana, SVP & Global Controller of Kyndryl Holdings, Inc., had shares withheld to cover tax obligations.
- 2,229 shares were withheld at a price of $24.81 per share related to the vesting of restricted stock units granted on August 1, 2022.
- An additional 2,415 shares were withheld at a price of $24.81 per share related to the vesting of restricted stock units granted on August 1, 2023.
- Following these transactions, Khurana directly owns 83,267 shares of Kyndryl common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations from vesting equity, so it's neutral in sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to tax obligations and do not represent a sale of shares by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Date of grant for 6,183 restricted stock units. |
| 08/01/2023 | Date of grant for 4,908 restricted stock units. |
| 08/01/2024 | Date of transaction: withholding of shares for tax obligations. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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