Kyndryl (KD) CEO Martin Schroeter Withholds Shares for Taxes

What Happened

• Martin J. Schroeter, Chairman, CEO and a director of Kyndryl Holdings (KD), had 79,267 shares withheld by the company on August 1, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The withholdings consisted of 44,186 shares valued at $13.48 each ($595,627) and 35,081 shares at $13.48 each ($472,892). These shares were not sold on the open market but were offset against the vested shares.

Key Details

• Transaction date: 2026-08-01; Filing date: 2026-08-04.
• Withheld shares: 44,186 @ $13.48 = $595,627 (footnote F1); 35,081 @ $13.48 = $472,892 (footnote F2). Total withheld: 79,267 shares, ≈ $1,068,519.
• Footnotes: F1 = withholding on vesting of 86,553 RSUs granted Aug 1, 2022; F2 = withholding on vesting of 68,717 RSUs granted Aug 1, 2023. In both cases the shares were withheld by the issuer to cover tax obligations (not sold).
• Shares owned after the transaction are not specified in the provided details of this summary.
• Filing: Record shows the Form 4 was filed Aug 4, 2026; the filing does not state a late-filing flag in the provided data.

Context

• This was a routine tax-withholding transaction tied to RSU vesting, not an open-market sale or purchase. Withholdings like this are common when executives receive vested equity and do not indicate a change in conviction about the company; they simply satisfy payroll/tax obligations.