Kyndryl (KD) HR chief uses 437 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kyndryl Holdings Chief Human Resources Officer Mark D. Paulek reported a routine tax-related share disposition. On the vesting of 1,488 restricted stock units granted on June 3, 2024, 437 shares of common stock were withheld by the company at $12.25 per share to cover his tax obligations. These shares were not sold on the market, and Paulek now directly holds 150,391 shares of Kyndryl common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paulek Mark D
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 437 | $12.25 | $5K |
Holdings After Transaction:
Common Stock — 150,391 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 437 shares
Withholding price: $12.25 per share
RSUs vested: 1,488 units
+1 more
4 metrics
Shares withheld for taxes
437 shares
Tax withholding on RSU vesting at $12.25 per share
Withholding price
$12.25 per share
Value used for 437 withheld shares
RSUs vested
1,488 units
Restricted stock units granted June 3, 2024
Shares held after transaction
150,391 shares
Direct holdings of Mark D. Paulek after tax withholding
Key Terms
restricted stock units, tax withholding obligation, withholding from delivery of shares, Common Stock
4 terms
restricted stock units financial
"upon the vesting of 1,488 restricted stock units previously granted on June 3, 2024"
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 1,488 restricted stock units"
Common Stock financial
"shares of Common Stock were not sold by the Reporting Person"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Kyndryl (KD) report for Mark D. Paulek?
Kyndryl reported that Chief Human Resources Officer Mark D. Paulek had 437 shares of common stock withheld to satisfy taxes when 1,488 restricted stock units vested. The withheld shares reduced his net delivery but were not market sales.
What award triggered the tax withholding reported for Kyndryl (KD) executive Mark D. Paulek?
The tax withholding was triggered by the vesting of 1,488 restricted stock units granted to Mark D. Paulek on June 3, 2024. When those units vested, Kyndryl withheld 437 shares from the delivery to cover his associated tax liability.
What are Mark D. Paulek’s Kyndryl (KD) holdings after this Form 4 transaction?
After the tax-withholding transaction, Mark D. Paulek directly holds 150,391 shares of Kyndryl common stock. This figure reflects his position following the vesting of restricted stock units and the related share withholding for tax obligations.
What does transaction code F mean in the Kyndryl (KD) Form 4 for Mark D. Paulek?
Transaction code F indicates payment of a tax liability or exercise price using company stock. In this case, 437 Kyndryl shares were withheld from delivery to cover Mark D. Paulek’s tax withholding obligation tied to vested restricted stock units.