Kyndryl counsel has shares withheld for RSU taxes
Kyndryl Holdings, Inc. interim general counsel and secretary Mark Ringes reported routine equity activity related to restricted stock units.
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Rhea-AI Filing Summary
Kyndryl Holdings, Inc. interim general counsel and secretary Mark Ringes reported routine equity activity related to restricted stock units. On June 3, 2026, 525 shares of common stock were withheld at $12.25 per share to cover his tax obligation upon the vesting of previously granted restricted stock units. The footnote clarifies these shares were not sold on the market but offset against the vested shares delivered by the company. After this tax-withholding disposition, he directly holds 99,264 common shares and indirectly holds 6 shares owned by his spouse.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 525 | $12.25 | $6K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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 1,455 restricted stock units previously granted on June 3, 2024 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.
- F2. These shares are owned directly by the Reporting Person's spouse.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligation financial
tax-withholding disposition financial
indirect ownership financial
Form 4 regulatory
FAQ
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What insider transaction did Kyndryl (KD) report for Mark Ringes?
What does the F transaction code mean in the Kyndryl (KD) Form 4?
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