Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 37

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 37
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95%      |     | 95%       |     | 100%   |     | 108%    |
| % of Target Payout   |     | 0%        |     | 20%       |     | 100%   |     | 200%    |

| 44|KYNDRYL2025 PROXY STATEMENT |

TABLE OF CONTENTS

| Adjusted EBITDA      
 (60% Weighting)      |     | Below     
 Threshold |     | Threshold |     | Target |     | Maximum |
| % of Goal Attainment |     | <90%      |     | 90%       |     | 100%   |     | 110%    |
| % of Target Payout   |     | 0%        |     | 50%       |     | 100%   |     | 200%    |

Determination of Fiscal 2025 Achievement and Payouts The table below shows the actual results based on the Company’s fiscal 2025 performance and the payouts associated with each of the fiscal 2025 metrics as a percentage of target.

| Metrics               |     | Performance   
 Target        |     | Results          |     | % of   
 Target 
 Payout |
| Adjusted EBITDA       |     | $2.5 billion  |     | $2.6 billion(1)  |     | 134%   |
| Revenue               |     | $15.3 billion |     | $15.2 billion(1) |     | 94%    |
| Corporate Citizenship |     | See(2)below   |     | See(2)below      |     | 100%   |

| (1) | When assessing performance for purposes of the Kyndryl Annual Incentive Plan, the CHC Committee may adjust for certain pre-determined categories as described further above under the section titled “Assessing Performance Results.” For fiscal 2025, beginning with GAAP revenue and adjusted EBITDA as reported in our Fiscal 2025 Form 10-K, the results eliminate the impact of currency movements versus the rates used in the performance targets. The results for Adjusted EBITDA also exclude the benefit to reported results from the Company’s acquisition of Skytap, Inc. (“Skytap”) and the impact from the divestiture of the Company’s Securities Industry Services platform. |

| (2) | The percentage of target payout with respect to the corporate