Kyndryl Holdings, Inc. 8-K/A

What Happened Kyndryl Holdings, Inc. filed an 8-K/A (filed Feb 17, 2026) amending its Feb 9, 2026 8-K to disclose updated compensation for newly appointed finance leaders. Harsh Chugh was appointed Interim Chief Financial Officer and Bhavna Doegar was appointed Interim Corporate Controller, each effective Feb 5, 2026. The amendment reports one‑time restricted stock unit (RSU) grants and a supplemental monthly cash payment for Mr. Chugh. The RSU grants are scheduled to be made on the company’s next regular grant date, March 2, 2026.

Key Details

• Appointments effective: Feb 5, 2026 (disclosed in Original 8‑K); amendment filed Feb 17, 2026.
• Harsh Chugh (Interim CFO): one‑time RSU grant with grant‑date fair value $500,000 (vests 6 months from grant); supplemental monthly cash payment of $35,000.
• Bhavna Doegar (Interim Corporate Controller; joined Dec 2025): one‑time RSU grant with grant‑date fair value $864,000 (vests in full 3 years from grant).
• Combined one‑time RSU grant value: $1,364,000; grants scheduled for March 2, 2026 (vest dates therefore ~Sept 2, 2026 for Mr. Chugh and March 2, 2029 for Ms. Doegar, based on the grant date).

Why It Matters These disclosures update investors on changes to Kyndryl’s senior finance leadership and the associated compensation, which creates one‑time equity expense (RSUs) and an ongoing supplemental cash cost for the interim CFO role. While the filing does not quantify total future expense beyond the grant values or specify the duration of the monthly cash payment, the information is material for understanding near‑term corporate governance and potential compensation-related charges to reported results.