Kyndryl Holdings (KD) grants Elly Keinan 309,440 shares, with tax withholding
Rhea-AI Filing Summary
Kyndryl Holdings reports that Group President Elly Keinan received 309,440 shares of common stock on May 28, 2026 upon achievement of pre-established performance targets for a three-year PSU period from April 1, 2023 to March 31, 2026. To cover related tax obligations, 158,786 shares were withheld by the issuer at $12.1600 per share; these shares were not sold in the market but offset against the vested shares. After these transactions, Keinan directly holds 1,380,090 shares of Kyndryl common stock, and the report indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 150,654 shares
Net Buy
2 txns
Insider
Keinan Elly
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 309,440 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 158,786 | $12.16 | $1.93M |
Holdings After Transaction:
Common Stock — 1,380,090 shares (Direct)
Footnotes (2)
- F1. 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").
- F2. 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 vesting shares: 309,440 shares
Tax withholding shares: 158,786 shares
Tax withholding price: $12.1600 per share
+3 more
6 metrics
PSU vesting shares
309,440 shares
Common stock acquired on May 28, 2026 from PSU vesting
Tax withholding shares
158,786 shares
Shares withheld to satisfy tax obligations on PSU vesting
Tax withholding price
$12.1600 per share
Per-share value used for withheld shares
Post-transaction holdings
1,380,090 shares
Direct common shares held by Elly Keinan after transactions
Performance period start
April 1, 2023
Start date of three-year PSU performance period
Performance period end
March 31, 2026
End date of three-year PSU performance period
Key Terms
performance share units ("PSUs"), pre-established performance targets, tax withholding obligation
3 terms
pre-established performance targets financial
"upon the achievement of pre-established performance targets over a three-year period"
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting of the PSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did KD report for Elly Keinan in this Form 4?
Group President Elly Keinan received 309,440 shares of Kyndryl common stock from PSU vesting, while 158,786 shares were withheld by the issuer to cover tax obligations, leaving him with a substantial post-transaction holding.
Were Elly Keinan’s KD insider transactions under a Rule 10b5-1 plan?
The report indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan, meaning they were not executed under a pre-arranged trading program but instead reported as discretionary equity compensation and related tax withholding events.