David B. Wyshner - 16 Dec 2021 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role
CFO & Treasurer
Signature
/s/ Catherine Buckley, as attorney in fact
Issuer symbol
KD
Transactions as of
16 Dec 2021
Net transactions value
$0
Form type
4
Filing time
20 Dec 2021, 15:40:10 UTC
Previous filing
30 Nov 2021
Next filing
05 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KD Common Stock Award $0 +90,169 +35% $0.000000 348,396 16 Dec 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KD Performance Share Units Award $0 +115,939 $0.000000 115,939 16 Dec 2021 Common Stock 115,939 Direct F2, F3
transaction KD Stock Options (Right to buy) Award $0 +244,590 $0.000000 244,590 16 Dec 2021 Common Stock 244,590 $17.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Restricted Stock Units that vest in four equal annual installments beginning on December 16, 2022.
F2 Each performance share unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock payable in common stock or cash at the discretion of the Issuer.
F3 These PSUs vest based on the Issuer's achievement of an increase in its share price over a three-year performance period beginning on December 16, 2021 and ending on December 15, 2024. The number of PSUs reported represents the target number awarded on the grant date. The number that would be received upon vesting, if any, could be 0%, 50%, 100%, 150% or 200% of the target number shown.
F4 These stock options vest in four equal annual installments beginning on December 16th, 2022.