Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 32

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 32
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 general comparability of key size measures, primarily revenue and number of employees. |

Our peer group for the fiscal 2025 performance year consisted of the 15 companies set forth below.

| •Accenture plc                           |     | •Cognizant Technology Solutions Corporation   |     | •Jacobs Solutions Inc.                          |
| •Aon plc                                 |     | •DXC Technology Company                       |     | •Leidos Holdings, Inc.                          |
| •Automatic Data Processing, Inc.         |     | •Fidelity National Information Services, Inc. |     | •Marsh & McLennan Companies, Inc.               |
| •Booz Allen Hamilton Holding Corporation |     | •Fiserv, Inc.                                 |     | •Salesforce, Inc.                               |
| •Cisco Systems, Inc.                     |     | •Hewlett Packard Enterprise Company           |     | •Science Applications International Corporation |

Effective for the fiscal 2025 performance year, the CHC Committee made updates to the fiscal 2025 peer group to ensure that the peer group continues to remain appropriate for evaluating the competitiveness of our compensation program, by removing VMware, Inc., which was acquired by Broadcom Inc. in November 2023, and adding Jacobs Solutions Inc., primarily based on the comparability of its business and size to Kyndryl. Other than these updates, the fiscal 2025 peer group was identical to the fiscal 2024 peer group. While our CHC Committee reviews compensation levels for comparable roles within the peer group to inform its determinations regarding the compensation of our executive officers, our CHC Committee does not rely solely on data from the peer group in establishing the compensation for our executive officers nor does our CHC Committee target a specific competitive position versus the peer group. Our CHC Committee also refers to other resources, including published compensation data from other third-party surveys. The compensation data of the peer group and such other resources are considered alongside the Company’s pay-for-performance and long-term value creation objectives in determining the compensation for our executive officers that best aligns management’s interests with those of our stockholders.

| KYNDRYL2025 PROXY STATEMENT|41 |

TABLE OF CONTENTS

Assessing Performance Results In order to focus executives on the fundamentals of the Company’s operating performance within their control and on delivering the Company’s long-term objectives aligned with stockholder value creation, the CHC Committee established guidelines on adjustments to provide consistency when assessing compensation performance results for purposes of our annual and long-term incentive