Kyndryl (KD) interim counsel reports RSU tax-withholding of 525 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ringes Mark
Role
Interim General Counsel & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 525 | $12.25 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 99,264 shares (Direct, null);
Common Stock — 6 shares (Indirect, By Spouse)
Footnotes (1)
- 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. These shares are owned directly by the Reporting Person's spouse.
Key Figures
Tax-withholding shares: 525 shares
Withholding price: $12.25 per share
Direct holdings after transaction: 99,264 shares
+1 more
4 metrics
Tax-withholding shares
525 shares
Common stock withheld to satisfy tax obligation on RSU vesting
Withholding price
$12.25 per share
Price for 525 shares used to cover tax liability
Direct holdings after transaction
99,264 shares
Common stock directly held by Mark Ringes after June 3, 2026
Indirect spouse holdings
6 shares
Common stock owned directly by spouse and reported as indirect
Key Terms
restricted stock units, tax withholding obligation, tax-withholding disposition, indirect ownership, +1 more
5 terms
restricted stock units financial
"upon the vesting of 1,455 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 1,455 restricted stock units"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 525.0000 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By Spouse""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Kyndryl (KD) report for Mark Ringes?
Kyndryl reported that interim general counsel Mark Ringes had 525 common shares withheld to satisfy tax obligations on vested restricted stock units. This was recorded as a disposition but did not involve an open-market sale of shares.
What does the F transaction code mean in the Kyndryl (KD) Form 4?
The F code indicates shares were disposed of to pay an exercise price or tax liability. In this case, 525 Kyndryl shares were withheld by the company to satisfy Mark Ringes’ tax withholding obligation on vested restricted stock units.