David B. Wyshner - Nov 4, 2021 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role
CFO & Treasurer
Signature
/s/ Gregory Barresi, as attorney-in-fact
Stock symbol
KD
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
4
Date filed
11/8/2021, 03:55 PM
Previous filing
Nov 4, 2021
Next filing
Nov 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KD Common stock Award $0 +114K +236570.83% $0.00 114K Nov 4, 2021 Direct F2, F3
transaction KD Common stock Award $0 +130K +114.24% $0.00 243K Nov 4, 2021 Direct F2, F4
holding KD Common Stock 48 Nov 4, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 3, 2021, International Business Machines Corporation ("IBM") made a pro rata distribution to IBM's stockholders of record as of close of business on October 25, 2021 of one share of common stock, par value $0.01 per share, of Kyndryl Holdings, Inc. ("Kyndryl") for every five shares of IBM common stock, par value $0.20 per share, held by each holder to effect the legal and structural separation of Kyndryl from IBM. The reporting person received a distribution from IBM of 48 shares of Kyndryl common stock.
F2 Award of restricted stock units ("RSUs") with respect to Kyndryl common stock granted under the Kyndryl 2021 Long-Term Performance Plan in connection with the conversion of certain equity incentive awards previously granted by IBM.
F3 The RSUs will vest in three installments as follows: 1,812 RSUs on October 1, 2022, 1,813 RSUs on October 1, 2023 and 21,751 RSUs on October 1, 2024.
F4 The RSUs will vest in three equal installments on each of May 3, 2022, November 3, 2022 and November 3, 2023.