Schroeter Martin J 4

What Happened
Martin J. Schroeter, Chairman and CEO of Kyndryl Holdings (KD), had 19,407 shares of common stock withheld by the company on June 3, 2026 to satisfy his tax withholding obligation related to the vesting of restricted stock units. The withholding was recorded at $12.25 per share, totaling $237,736. This was a tax-withholding (code F) transaction — the shares were retained/offset by the issuer, not sold on the open market.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely filing).
• Withheld: 19,407 shares at $12.25 per share; total value ~$237,736.
• These shares represent withholding on 38,015 RSUs that vested on 2026-06-03 (per filing footnote). About 51% of the vested RSUs were withheld for taxes.
• Transaction code: F (payment of exercise price or tax liability / tax withholding).
• Shares owned after the transaction: not specified in the provided filing.

Context
This was a routine tax-withholding event tied to RSU vesting (cashless/offset withholding), not an open-market sale, so it should not be interpreted as an active sell decision by the insider. Tax-withholding withholdings are common when executives receive stock awards and are primarily administrative.