Paulek Mark D 4

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.