Kyndryl (KD) interim general counsel gets 24,804 RSUs as 742 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kyndryl Holdings Interim General Counsel & Secretary Mark Ringes reported routine equity compensation activity. He received a grant of 24,804 restricted stock units that vest in four equal annual installments beginning on June 3, 2027. In a separate transaction, 742 shares of common stock were withheld by the company to cover his tax obligation upon vesting of 2,057 previously granted restricted stock units; these shares were not sold in the market but offset the shares delivered.
After these transactions, Ringes directly holds 99,789 shares of Kyndryl common stock, and an additional 6 shares are held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ringes Mark
Role
Interim General Counsel & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 742 | $12.62 | $9K |
| Grant/Award | Common Stock | 24,804 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 99,789 shares (Direct, null);
Common Stock — 6 shares (Indirect, By Spouse)
Footnotes (1)
- Represents a grant of restricted stock units that vest in four equal annual installments beginning on June 3, 2027. 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 2,057 restricted stock units previously granted on June 2, 2025 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. These shares are owned directly by the Reporting Person's spouse.
Key Figures
RSU grant: 24,804 units
Tax withholding shares: 742 shares
Vested RSUs: 2,057 units
+3 more
6 metrics
RSU grant
24,804 units
Restricted stock units granted to Mark Ringes, vesting from June 3, 2027
Tax withholding shares
742 shares
Shares withheld to cover tax on vested restricted stock units
Vested RSUs
2,057 units
Previously granted restricted stock units that vested, triggering tax withholding
Direct holdings after transactions
99,789 shares
Kyndryl common stock directly held by Mark Ringes following Form 4 transactions
Indirect holdings
6 shares
Kyndryl common stock held by spouse, reported as indirect ownership
RSU vesting start date
June 3, 2027
First vesting date for new RSU grant, then annually in four installments
Key Terms
restricted stock units, tax withholding obligation, withholding from delivery of shares, indirect ownership
4 terms
restricted stock units financial
"Represents a grant of restricted stock units that vest in four equal annual installments"
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 of 2,057 restricted stock units"
indirect ownership financial
"These shares are owned directly by the Reporting Person's spouse."
FAQ
What insider transactions did Kyndryl (KD) executive Mark Ringes report?
Mark Ringes reported a new equity grant and a tax-related share withholding. He received 24,804 restricted stock units and had 742 shares withheld to cover taxes on 2,057 vested units, without any open-market share sales.
How many Kyndryl (KD) restricted stock units were granted to Mark Ringes?
Mark Ringes received a grant of 24,804 restricted stock units. These units vest in four equal annual installments starting on June 3, 2027, providing a long-term equity-based component to his compensation that aligns with multi-year company performance.
How do the new Kyndryl (KD) RSUs for Mark Ringes vest over time?
The 24,804 restricted stock units granted to Mark Ringes vest in four equal annual installments. Vesting begins on June 3, 2027, creating a staged schedule that links his compensation to continued service and long-term company results.
What does the tax withholding transaction mean in the Kyndryl (KD) Form 4?
The tax withholding entry reflects 742 shares withheld to cover taxes on 2,057 restricted stock units that vested. This is a standard mechanism where the company withholds shares instead of the executive paying cash for the tax liability.