Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 35

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 35
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 Committee’s objective of awarding compensation opportunities that are majority performance-based and tied to the Company’s business results. The tables below set forth the performance metrics selected by the CHC Committee, their relative weightings, the targets approved by the CHC Committee with respect to each metric based on the Company’s fiscal 2025 budget and corporate citizenship strategy, as well as the CHC Committee’s rationale for the selection of each metric. The revenue goal reflected the Company’s publicly disclosed guidance that revenue for fiscal 2025 was expected to decline, primarily due to proactive, strategic actions by the Company in connection with the Company’s Accounts initiative to reduce certain low-margin revenue streams to strengthen margins and overall profitability, and, due to the nature of the Company’s business,

| KYNDRYL2025 PROXY STATEMENT|43 |

TABLE OF CONTENTS

the Company’s financial results would be largely driven by actions taken and contracts entered into prior to the Company’s spin-off from our former parent company (“Spin-off”). The CHC Committee also determined to maintain the relative weightings, including the revenue goal for the foregoing reasons, and in recognition of the Company’s focus on returning to profitable growth, set the 2025 adjusted EBITDA goal at a level more than 4% higher than the financial performance the Company reported in our fiscal 2024 earnings release and used for the fiscal 2024 cash bonus attainment calculations.

| Metric(1)             |     | Weighting |     | Target        
 Amount        |     | Rationale for Selection                                                                                                                          |
| Adjusted EBITDA(2)    |     | 60%       |     | $2.5 billion  |     | •Used by management to assess our financial performance                                                                                          
 •Used by investors to assess our business                                                                                                        
 •CHC Committee believes this metric provides a reliable indicator of the strength of our financial results                                       |
| Revenue               |     | 30%       |     | $15.3 billion |     | •Used by management to assess our financial performance                                                                                          
 •Used by investors to assess our business                                                                                                        |
| Corporate Citizenship |     | 10%       |     | See(3)below   |     | •Encourages management to focus on the achievement of corporate citizenship goals that the CHC Committee believes further the Company’s strategy |

| (1) | When assessing performance for purposes of the Kyndryl Annual Incentive Plan, the CHC Committee may adjust for certain pre-determined items as described further