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

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 25
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 Company was or is to be a participant and in which any related person had, has, or will have a direct or indirect material interest, are reviewed, approved or ratified by the independent directors on our Board or by any committee designated by the Board that is comprised solely of independent directors. Related persons include our directors, director nominees and executive officers, beneficial owners of more than five percent of our common stock, as well as immediate family members of any of the foregoing. If the related person at issue is a director, or a family member of a director, then that specific director will not participate in any Board discussions involving the transaction at issue. In reviewing related person transactions, the independent directors on our Board (or the designated committee) will consider all relevant facts and circumstances, including:

| • | the relationship of the related person to the Company; |

| • | the nature and extent of the related person’s interest and business rationale for engaging in the transaction; |

| • | the material terms of the transaction and whether the value and terms are similar to transactions previously entered into by the Company with non-related persons; |

| • | the importance and fairness of the transaction both to the Company and to the related person; and |

| • | whether the transaction would likely impair the judgment of a director or executive officer to act in the best interest of the Company and whether the transaction would compromise the director’s independence under the NYSE rules (including those applicable to committee service). |

The independent directors on our Board (or the designated committee) will not approve or ratify a related person transaction unless they determine that the transaction is consistent with the best interests of the Company and its stockholders. In addition to our Policy on Related Person Transactions, the Company’s directors and officers complete an annual questionnaire and disclose all potential related person transactions and are required to notify the General Counsel throughout the year of any potential related person transactions of which they become aware. Also, the Kyndryl Code of Conduct requires that all employees, officers and directors avoid any situation that involves or appears to involve a conflict of interest between their personal and professional relationships. Our Audit Committee provides oversight regarding compliance with the Kyndryl Code of Conduct. The Kyndryl Code of Conduct also requires that all employees seek approval from management and Kyndryl counsel prior to accepting membership on the board of directors, advisory board, advisory council or similar position at another company. Since April 1, 2024, there have been no related person transactions or pending related person transactions that required disclosure