Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 47

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 47
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, 2021 and ending on December 15, 2024. The actual number of Launch PSUs that vest was based on the highest multiple of the Initial Share Price (ranging from 1.25x for Tier 1 to 2.00x for Tier 4), with the calculation of the multiple achieved based on a 90-consecutive calendar-day average closing share price during the performance period. The terms of the Launch PSUs provide that the Launch PSUs will not vest unless the 90-consecutive calendar-day average closing share price at any point during the performance period exceeds the applicable multiple of the Initial Share Price. The Company’s share price reached 1.25x the Initial Share Price, or $24.17 (the Tier 1 hurdle), in July 2024. As a result, 50% of the target number of shares subject to the Launch PSUs vested in fiscal 2025 and the remainder of the Launch PSUs were forfeited. The table below reflects the number of shares distributed to the participating NEOs in fiscal 2025.

| Name               |     | PSUs Granted |     | PSUs Earned |
| Martin Schroeter   |     |      304,339 |     |     152,170 |
| David Wyshner      |     |      115,939 |     |      57,970 |
| Elly Keinan        |     |      220,284 |     |     110,142 |
| Edward Sebold      |     |       43,477 |     |      21,739 |
| Maryjo Charbonnier |     |       28,985 |     |      14,493 |

| 50|KYNDRYL2025 PROXY STATEMENT |

TABLE OF CONTENTS Preview of Fiscal 2026 Long-Term Incentive Design Changes We regularly review our compensation program to ensure that it matures with our evolution as an independent company. During its annual review for fiscal 2026, the CHC Committee assessed market and peer data, the Company’s performance in fiscal 2025 and our evolving strategy. As the Company enters its next phase focused on growth, our key objectives are to further align executive compensation with long-term stockholder value creation and to retain a stable and motivated leadership team to continue to drive successful execution of Kyndryl’s multi-year growth strategy. To reinforce these objectives, the CHC Committee made several revisions to the PSU plan design for fiscal 2026.