Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 63

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 63
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 rows titled “Acceleration of Equity Awards” are presented as the sum of the values as of the last business day of fiscal 2025 of the additional benefit from the acceleration of vesting (or continued vesting in the case of RSUs under “qualifying retirement”), if any, of RSUs, stock options and PSUs that would have occurred as a result of termination under the different circumstances presented. |

| • | The value of accelerated stock options, for purposes of this table, was determined by subtracting the exercise price of the original stock option from the closing stock price on the NYSE of $31.40 as of March 31, 2025, the last trading day of fiscal 2025, and multiplying the result, if a positive number (in-the-money), by the number of option shares that would vest as a result of termination. Because the stock options held by the NEOs were in-the-money as of March 31, 2025, amounts relating to such options are included in the table. |

| • | With respect to Messrs. Schroeter, Keinan and Sebold, a termination without cause would constitute a “qualifying LTPP retirement” as described under “— Treatment of Outstanding Equity Awards in the Event of Certain Qualifying Terminations” below. |

| (3) | Value of Continuing Benefits: |

| • | Reflects the cost of providing continued group health coverage (on the same basis as actively employed employees of the Company) for a period of 18 months, assuming fiscal 2025 rates; and |

| • | The amounts included in the table assume that there is no notice period prior to the termination without Cause. |

| (4) | Reflects the estimated cost of providing continued financial advisory services for a period of six months, assuming fiscal 2025 rates. Ms. Charbonnier did not participate in the financial advisory services program and therefore, would not receive a continuing benefit. |

| (5) | Reflects the estimated cost of six months of outplacement services. |

Severance Plan The Severance Plan provides for payment of severance and other benefits to eligible executives, including the NEOs, in the event of a termination of employment with the Company without Cause (as that term is defined in the LTPP and as set forth below) and other than due to death or disability or, solely in connection with a change in control, with Good Reason (as defined below, and each of a termination without Cause and a termination with Good