Martin J. Schroeter - Dec 16, 2021 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role
Chief Executive Officer, Director
Signature
/s/ Catherine Buckley, as attorney in fact
Stock symbol
KD
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/20/2021, 03:40 PM
Previous filing
Nov 30, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KD Common Stock Award $0 +237K +37.22% $0.00 873K Dec 16, 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 +304K $0.00 304K Dec 16, 2021 Common Stock 304K Direct F2, F3
transaction KD Stock Options (Right to buy) Award $0 +642K $0.00 642K Dec 16, 2021 Common Stock 642K $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.