Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 2

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 2
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     |  60 |                |     |     2021 |     |             |     |                      |
|       |     | Howard I. Ungerleider                         
 Retired President and Chief Financial Officer 
 Dow Inc.                                      |                   |     |  56 |                |     |     2021 |     |             |     |                      |

| Chairman of the 
 Board           |     | Lead Independent 
 Director         |     | Committee 
 Chair     |     | Committee 
 Member    |     | Audit Committee  
 Financial Expert |

| 4|KYNDRYL2025 PROXY STATEMENT |

TABLE OF CONTENTS

Executive Compensation Highlights COMPENSATION PHILOSOPHY AND OBJECTIVES The executive compensation philosophy governing the compensation of our executive officers in fiscal 2025 was based on three key principles:

| PAY FOR PERFORMANCE                                                                                                                                      |     | ALIGN WITH STOCKHOLDERS                                                                                                                                                                                                            |     | PAY COMPETITIVELY                                                                              |
| •At target, approximately 65% of our named executive officers’ (“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                                              |

OUR EXECUTIVE COMPENSATION BEST PRACTICES Our executive compensation practices reinforce our fiscal 2025 executive compensation objectives:

| What We Do                                                                                                                                                                                                                                                                                |     | What We Don’t Do                                                                |
| Significant percentage of target annual compensation delivered in the form of variable compensation tied to performance                                                                                                                                                                   
 Long-term objectives aligned with the creation of stockholder value                                                                                                                                                                                                                       
 Market comparison of executive compensation against a relevant peer group                                                                                                                                                                                                                 
 Use of an independent compensation consultant that provides no other services to the Company other than advising the Compensation and Human Capital Committee (“CHC Committee”) on executive compensation and Nominating and Governance Committee on non-management director compensation 
 Robust stock ownership guidelines (6 times base salary for CEO and