Kyndryl (KD) Group President gains PSUs as 158,786 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kyndryl Holdings Group President Elly Keinan reported equity compensation activity tied to performance goals. He acquired 309,440 shares of common stock at $0.00 per share as a grant after pre-established performance targets were achieved over a three-year period from April 1, 2023 to March 31, 2026. To cover tax obligations on the vesting of these performance share units, 158,786 shares were withheld by the company at a reference price of $12.16 per share, and were not sold in the market. After these transactions, his direct holdings increased to 1,538,876 common shares, reflecting a net addition of 150,654 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Keinan Elly
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 309,440 | $0.00 | -- |
| Tax Withholding | Common Stock | 158,786 | $12.16 | $1.93M |
Holdings After Transaction:
Common Stock — 1,538,876 shares (Direct, null)
Footnotes (1)
- Represents shares acquired by the Reporting Person upon the achievement of pre-established performance targets over a three-year performance period beginning on April 1, 2023 and ending on March 31, 2026, pursuant to a previously granted award of performance share units ("PSUs"). 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 the PSUs described herein. 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
PSU shares granted: 309,440 shares
Shares withheld for tax: 158,786 shares
Withholding reference price: $12.16 per share
+2 more
5 metrics
PSU shares granted
309,440 shares
Performance share units vested for period 04/01/2023–03/31/2026
Shares withheld for tax
158,786 shares
Withheld to satisfy tax obligation on PSU vesting
Withholding reference price
$12.16 per share
Value used for tax-withholding disposition shares
Shares after grant row
1,538,876 shares
Direct common stock holdings after reported transactions
Net shares added
150,654 shares
Grant minus tax-withheld shares from PSU vesting
Key Terms
performance share units ("PSUs"), tax withholding obligation, vesting, grant, award, or other acquisition
4 terms
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting of the PSUs described herein."
vesting financial
"upon the vesting of the PSUs described herein."
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""
FAQ
What insider transactions did Kyndryl (KD) Group President Elly Keinan report?
Elly Keinan reported vesting of performance-based equity and related tax withholding. He received 309,440 Kyndryl common shares as a grant and had 158,786 shares withheld by the company to satisfy tax obligations tied to that vesting event.