Paulek Mark D 4

What Happened
Mark D. Paulek, Chief Human Resources Officer of Kyndryl Holdings (KD), received a grant of 27,560 restricted stock units (RSUs) on 2026-06-01 (recorded as an acquisition at $0.00). Separately, on 2026-06-02, 598 shares were withheld (reported as a disposition) at $12.62 per share to satisfy a tax withholding obligation, totaling $7,547. The RSU award itself is an equity compensation grant (not an open-market purchase).

Key Details

• Transaction dates and amounts:
  • 2026-06-01: Grant/acquisition of 27,560 RSUs @ $0.00 (award)
  • 2026-06-02: Tax withholding — 598 shares withheld @ $12.62 = $7,547 (reported as disposed)
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: The 27,560 RSUs vest in four equal annual installments beginning June 3, 2027.
  • F2: The 598-share withholding represents shares retained by the issuer to satisfy tax obligations upon vesting of previously granted RSUs (these shares were not sold on the open market but were offset against vested shares).
• Filing: Form 4 filed 2026-06-03 for transactions dated 2026-06-01/06-02 — no late filing flag indicated.

Context
This was an equity award (RSUs) rather than a purchase or market sale. The withholding of shares to cover taxes is a common administrative action and does not represent a market sale by the insider. RSU grants typically vest over time (here, four annual installments starting mid-2027), so the economic benefit to the insider will be realized as those future vesting events occur.