Schroeter Martin J 4

What Happened

• Martin J. Schroeter, Kyndryl's Chairman and CEO, received a grant of 496,063 restricted stock units (RSUs) on 2026-06-01 (reported at $0.00).
• On 2026-06-02, 20,776 shares were withheld to satisfy tax withholding related to the vesting of 40,697 RSUs previously granted on 2025-06-02; the withholding is reported as a disposition at an effective price of $12.62 for a value of $262,193. These withheld shares were not sold on the open market but offset against vested shares.

Key Details

• Transaction codes: A = Award/Grant (496,063 RSUs on 2026-06-01); F = Tax withholding (20,776 shares on 2026-06-02).
• Award terms: The 496,063 RSUs vest in four equal annual installments beginning June 3, 2027 (per footnote).
• Tax withholding: 20,776 shares were withheld from delivery to satisfy taxes on 40,697 RSUs that vested; shares were withheld (not sold). Reported value of withheld shares: $262,193.
• Filing: Form 4 filed 2026-06-03 for transactions on 2026-06-01 and 2026-06-02 — appears timely.
• Shares owned after the transactions: Not specified in the filing.

Context

• The June 1 entry is a standard RSU award (no cash purchase). The June 2 entry is a routine tax-withholding disposition (cashless withholding), which does not represent an open-market sale by the insider.
• Awards and withholding are common for executives and are administrative (vesting/tax) events rather than explicit buy/sell signals.