Kyndryl (KD) interim CFO logs 55,119 RSU grant and 1,157-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kyndryl Holdings Interim CFO Harsh Chugh reported routine equity compensation activity in common stock. On June 1, 2026, he received a grant of 55,119 restricted stock units that vest in four equal annual installments beginning on June 3, 2027, bringing his holdings to 186,263 shares at that time. On June 2, 2026, 1,157 shares were withheld by the company at $12.62 per share to cover tax obligations upon vesting of earlier RSUs, reducing his direct holdings to 185,106 shares; these withheld shares were not sold on the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chugh Harsh
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,157 | $12.62 | $15K |
| Grant/Award | Common Stock | 55,119 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 185,106 shares (Direct, null)
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 2,939 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.
Key Figures
RSU grant size: 55,119 RSUs
Tax withholding shares: 1,157 shares
Withholding reference price: $12.62 per share
+3 more
6 metrics
RSU grant size
55,119 RSUs
Granted June 1, 2026, vesting over four years
Tax withholding shares
1,157 shares
Withheld June 2, 2026 to cover tax on vested RSUs
Withholding reference price
$12.62 per share
Value used for tax-withholding disposition
Shares after grant
186,263 shares
Direct holdings after June 1, 2026 RSU grant
Shares after withholding
185,106 shares
Direct holdings after June 2, 2026 tax withholding
Prior RSU vesting
2,939 RSUs
Previously granted on June 2, 2025 and vested, triggering withholding
Key Terms
restricted stock units, tax withholding obligation, vesting, grant, award, or other acquisition, +1 more
5 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 2,939 restricted stock units"
vesting financial
"vest in four equal annual installments beginning on June 3, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did Kyndryl (KD) Interim CFO Harsh Chugh report?
Harsh Chugh reported a grant of 55,119 restricted stock units and a separate tax-related share withholding. The grant increased his holdings, while 1,157 shares were withheld by the company to satisfy tax obligations on previously vested RSUs.
When will Harsh Chugh’s new Kyndryl (KD) restricted stock units vest?
The 55,119 restricted stock units will vest in four equal annual installments beginning on June 3, 2027. Each year, one-quarter of the grant becomes actual shares, aligning compensation with ongoing service and company performance over time.
What caused the tax withholding transaction in Harsh Chugh’s Kyndryl (KD) Form 4?
The tax withholding arose from the vesting of 2,939 previously granted RSUs from June 2, 2025. To satisfy his tax obligation, 1,157 shares of common stock were withheld by Kyndryl instead of being delivered, as described in the Form 4 footnote.