Paulek Mark D 4
4 · Kyndryl Holdings, Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Kyndryl CHRO Mark Paulek Receives Stock Award; Tax Withholding
What Happened Mark D. Paulek, Chief Human Resources Officer of Kyndryl Holdings (KD), received 36,646 shares on 2026-05-28 upon the vesting of previously granted performance share units (PSUs). Of those vested shares, 10,757 shares were withheld to cover the tax withholding obligation; the withholding is recorded at $12.16 per share (value $130,805). The award shares were granted/acquired at $0.00 per share as part of a PSU payout.
Key Details
- Transaction date: 2026-05-28; Form 4 filed 2026-06-01.
- Award: 36,646 shares (code A), acquisition price $0.00.
- Tax withholding: 10,757 shares withheld (code F) at $12.16 each = $130,805; these shares were offset for taxes, not sold on the open market.
- Footnotes from the filing:
- F1: Shares reflect achievement of pre-established performance targets for the performance period 4/1/2023–3/31/2026 (PSUs).
- F2: Withheld shares satisfy the reporting person’s tax withholding obligation upon vesting; they were not sold but offset against vested shares.
- Shares owned after the transaction: not specified in the filing.
Context This was a vesting of performance-based equity (PSUs), not a market purchase or an intentional open-market sale. Withholding a portion of vested shares to cover taxes is a routine administrative action and does not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-28+36,646→ 134,623 total - Tax Payment
Common Stock
[F2]2026-05-28$12.16/sh−10,757$130,805→ 123,866 total
Footnotes (2)
- [F1]Represents shares acquired by the Reporting Person upon the achievement of pre-established performance targets over a three-year performance period beginning on April 1, 2023 and ending on March 31, 2026, pursuant to a previously granted award of performance share units ("PSUs").
- [F2]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 the PSUs described herein. 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.