Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 30

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 30
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 performance in a manner consistent with how management evaluates our operating results and trends, the CHC Committee applies certain financial metrics that are not calculated based on generally accepted accounting principles in the United States (“GAAP”) as compensation performance measures for the long-term and annual incentive awards. Constant currency, adjusted EBITDA and adjusted operating cash flow are non-GAAP financial measures. For definitions of constant currency and adjusted EBITDA and a reconciliation of adjusted EBITDA to net loss, see Part II, |

| KYNDRYL2025 PROXY STATEMENT|37 |

TABLE OF CONTENTS

Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Segment Results” in our Fiscal 2025 Form 10-K. For the definition of adjusted operating cash flow and a reconciliation of adjusted operating cash flow to cash flow from operating activities, see our fourth quarter and full-year 2025 earnings release. Stockholder Engagement and Say-on-Pay Vote Our Board and CHC Committee value the perspectives of our stockholders and consider stockholder feedback in their annual review of executive compensation. Kyndryl regularly engages with stockholders throughout the year, both in connection with our Annual Meeting of Stockholders and as described under “Corporate Governance and Board Matters — Investor Engagement,” and the discussion includes a broad range of topics, including executive compensation matters. The 2024 annual vote on an advisory resolution to approve the compensation of our NEOs (“say-on-pay”), passed with approximately 96% of the votes in favor. Given this high level of support, as well as stockholder feedback we received during our regular engagement with our stockholders, the CHC Committee believes that our stockholders are generally supportive of the executive compensation program the CHC Committee put in place. In evaluating our compensation practices, the CHC Committee took into account the support of our stockholders, together with the Company’s strategic objectives and market practice, and decided not to make significant changes to this executive compensation program in fiscal 2025, which is described in detail below. How Our NEOs Are Paid The table below presents the primary compensation elements of our executive compensation program as determined by the CHC Committee for our NEOs in fiscal 2025.

|                                     |     | Payment Form                                                                                 |     | Performance and/or                                                                                                                                                                                                                            
 Service Condition                                                                                                                                                                                                                             |     | Compensation Objective                                                                   |
| Base Salary                         |     | •Cash                                                                                        |     | •NA                                                                                                                                                                                                                                           |     | •Provide market-competitive, fixed level of compensation