Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 33

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 33
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 awards.

| • | The CHC Committee established certain pre-determined adjustments to remove the impact of currency movements (either positive or negative), as well as any impact of changes in GAAP or other accounting standards and tax laws that result in a significant impact to financial results. As a global company that generates a majority of its revenue outside the U.S., the CHC Committee applies these adjustments to prioritize long-term sustainable growth so that employees are focused on the Company’s underlying performance rather than reacting to short-term currency fluctuations or to other events beyond their control. |

| • | The CHC Committee also applies adjustments pursuant to pre-determined categories when the impacts were not contemplated by the Company’s financial plan at the time the award was granted, business objectives have evolved or non-recurring or non-operating items do not reflect the Company’s ongoing core operations. These pre-determined adjustment categories include: acquisitions or divestitures not included in the targets, special items adjusted for in the Company’s public disclosures including impairments and gains and losses on divestitures or sales of assets outside of the normal course of operations, material changes to commercial agreements driven by a change in the strategies of the Company’s former parent and cash usage associated with the deployment of any LTI cash-deferred plan. The CHC Committee regularly reviews these pre-determined adjustment categories. Our goal is to align incentive payouts with underlying business results that our investors use to measure performance, as opposed to allowing special gains or charges to have a significant impact on payouts. |

While under the Kyndryl Annual Incentive Plan for Executives, the CHC Committee retains the discretion to change the incentive formula or increase, reduce or eliminate a participant’s award, in each case at any time up to the date of payment when warranted by extraordinary circumstances, the CHC Committee has not exercised such discretion.

| 42|KYNDRYL2025 PROXY STATEMENT |

TABLE OF CONTENTS

III. ELEMENTS OF COMPENSATION AND COMPENSATION DECISIONS Base Salaries

| LINK TO      
 COMPENSATION 
 PHILOSOPHY   |     | Base salary is intended to provide a market-competitive, fixed level of compensation and attract and retain high-performing talent. Base salaries are expected to be reviewed annually, and the CHC Committee may adjust individual base salaries from time to time to recognize outstanding performance, changes in duties or roles with the Company and/or changes in overall labor market dynamics. |

The table below sets forth the annual base salaries for our NEO