Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 44

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 44
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-Term Equity Incentive Payout The table below shows the actual results based on the Company’s fiscal 2023-2025 performance (beginning from April 1, 2022 through March 31, 2025) and the payouts on the 2023 PSU award associated with each of the metrics as a percentage of target. 50% of the grant date value of the PSUs was based on Adjusted Operating Cash Flow, 25% was based on cumulative Signings, and 25% was based on TSR versus companies in the S&P MidCap 400 Index. The weighted payout percentage of 110% of the aggregate target shares awarded across all three metrics.

|                              |     | Performance Level |     |               |     |               |     |                     |     |            |     |           |
| 2023-2025 Metrics            |     | Threshold         |     | Target        |     | Maximum       |     | Results             |     | Attainment |     | Component 
 Score     |
| Adjusted Operating Cash Flow |     | $3.1 billion      |     | $3.9 billion  |     | $4.6 billion  |     | $4.0 billion(1)(2)  |     | 104%       |     | 110%      |
| Signings                     |     | $45.5 billion     |     | $56.9 billion |     | $68.3 billion |     | $47.3 billion(1)(3) |     | 83%        |     | 34%       |
| Relative TSR percentile      |     | 25th              |     | 50th          |     | 90th          |     | 97th(4)             |     | 97th       |     | 200%      |

| (1) | When assessing performance for purposes of the long-term equity incentive awards under the LTPP, the CHC Committee may adjust for certain pre-determined items as described further above. These measures eliminate the impact of currency movements versus the rates used in the performance targets. |

| (2) | Beginning with Adjusted Operating Cash Flow as reported in our fourth quarter and full-year 2025 earnings release, the results also reflect adjustments under pre-determined categories that were previously approved by the Committee and consist of: excluding the benefit to the reported results from the unplanned Skytap acquisition and the impact from the unplanned divestiture of the