Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 28

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 28
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 Chief Executive Officer | Chief Financial 
 Officer         | Group President | General Counsel 
 and Secretary   | Chief Human        
 Resources Officer  |

Our Compensation Philosophy Our Compensation and Human Capital (“CHC”) Committee based its compensation decisions with respect to the compensation of our executive officers in fiscal 2025 on the following principles:

| PAY FOR PERFORMANCE                                                                                                         |     | ALIGN WITH STOCKHOLDERS                                                                                                                                                                                                            |     | PAY COMPETITIVELY                                                                              |
| •At target, approximately 65% of our NEOs’ compensation opportunity is performance-based and 75-90% is variable and at-risk 
 •Incentive compensation is tied to our business results and individual performance                                          |     | •Incentives are tied to both short-term and long-term performance goals to balance risk while rewarding for delivering financial, operating and strategic performance aligned with our business strategy and stockholder interests 
 •A significant portion of NEOs’ compensation is delivered in equity, further aligning their interests with stockholders                                                                                                            
 •NEOs are required to retain shares earned until minimum share ownership levels are achieved per our stock ownership guidelines                                                                                                    |     | •Total target compensation levels are competitive to attract and retain high-performing talent 
 •Actual pay levels will vary based on performance                                              |

| 36|KYNDRYL2025 PROXY STATEMENT |

TABLE OF CONTENTS

Fiscal 2025 Performance Highlights In the fiscal year ended March 31, 2025 (“fiscal 2025”), Kyndryl’s third full fiscal year operating as an independent company, the Company continued to execute on its strategy to return to sustainable profitable growth. Kyndryl exceeded all of its strategic objectives in its “three-A’s” initiatives for fiscal 2025:

| • | Alliances initiative— the Company leveraged its partnerships with leading technology companies, exceeding its goal for revenue tied to cloud hyperscaler alliances; |

| • | Advanced Delivery initiative— the Company strengthened its automation capabilities, allowing it to redeploy delivery professionals to serve new revenue streams and backfill attrition and exceed related cost savings objectives; and |

| • | Accounts initiative— the Company continued to address customer relationships with substandard margins to exceed its fiscal 2025 goal for profit growth. |

Since Kyndryl became an independent company, the three-A’s initiatives have propelled the Company’s progress and are now integral parts of our daily operations. Incremental to the benefits from the three-A’s initiatives, the Company has continued to drive strong growth through Kyndry