Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 42

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 42
---
 150% of target at the 75th percentile (from 200% at the 90th percentile); |

| • | Capped the maximum payout value at 400% of the target number of Relative TSR PSUs multiplied by the grant date closing stock price, as measured by the closing stock price on the last day of the performance period, so that should performance and stock price result in the value exceeding this 400% cap at the end of the performance period, the number of PSUs distributed will be reduced to align with the cap; and |

| • | Aligned the Relative TSR performance start date with the grant date (from the beginning of the fiscal year). |

If actual performance with respect to a performance criterion is determined by the CHC Committee to fall between the Threshold and Target levels of achievement or the Target and Maximum levels of achievement, then the percentage of PSUs that vest will be determined by linear interpolation. Notwithstanding the foregoing, if our TSR at the end of the performance period is negative, the percentage of PSUs that vest in respect of Relative TSR will be capped at 100%. For information about the treatment of the RSUs and PSUs in the event of certain terminations or a change in control, see “Potential Payments upon Termination or Change in Control” below. 2025 Long-Term Equity Incentive Awards The table below sets forth the total target value of the fiscal 2025-2027 long-term equity incentive awards made to each NEO and represent the percentages of their respective total target compensation, as well as the fair market value on the grant date of the RSUs and the target value of the PSUs, assuming that the target level of performance is achieved during the performance period (beginning April 1, 2024 and ending March 31, 2027, except in the case of the Relative TSR metric, beginning June 3, 2024 and ending March 31, 2027).

| Name               |     |        -A) 
  RSU Award 
    Value(1 |     |         -B) 
  50% of PSU 
    Adjusted 
   Operating 
 Cash Flow(2 |     |        -C) 
 25% of PSU 
      Total 
 Signings(2 |     |        -D) 
 25% of PSU 
   Relative 
      TSR(3 |     |   Total LTI 
 Award Value 
   (A+B+C+D) |     | LTI At-R