Kyndryl Holdings (NYSE: KD) withholds 1,184 shares for executive tax payment
Rhea-AI Filing Summary
Kyndryl Holdings reported that Chief Human Resources Officer Mark D. Paulek had 1,184 shares of common stock withheld at $13.48 per share on August 1, 2026 to cover taxes on the vesting of 2,945 restricted stock units. After this withholding, he directly holds 149,207 shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 1,184 shares
Net Sell
1 txn
Insider
Paulek Mark D
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,184 | $13.48 | $16K |
Holdings After Transaction:
Common Stock — 149,207 shares (Direct)
Footnotes (1)
- F1. Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of 2,945 restricted stock units previously granted on August 1, 2023 to the Reporting Person. These shares of Common Stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of Common Stock received by the Reporting Person from the Issuer.
Key Figures
Shares withheld for taxes: 1,184 shares
Per-share value for withholding: $13.48
Restricted stock units vested: 2,945 restricted stock units
+1 more
4 metrics
Shares withheld for taxes
1,184 shares
Common Stock withheld on August 1, 2026
Per-share value for withholding
$13.48
Value used for tax-withholding disposition
Restricted stock units vested
2,945 restricted stock units
RSUs previously granted on August 1, 2023
Shares held after transaction
149,207 shares
Direct Common Stock ownership following withholding
Key Terms
restricted stock units, tax withholding obligation, Power of Attorney
3 terms
restricted stock units financial
"upon the vesting of 2,945 restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting"
Power of Attorney regulatory
"Exhibit 24.1 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Kyndryl (KD) report for Mark D. Paulek?
Kyndryl reported that Chief Human Resources Officer Mark D. Paulek had 1,184 shares of common stock withheld on August 1, 2026 at $13.48 per share to cover taxes due on the vesting of 2,945 restricted stock units granted in 2023.