Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 56

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 56
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| (2) | For information on vesting upon specified termination events or a change in control, see “Potential Payments upon Termination or Change in Control.” |

| (3) | These RSUs vest in one installment on December 16, 2025. |

| KYNDRYL2025 PROXY STATEMENT|61 |

TABLE OF CONTENTS

| (4) | These RSUs vest in two equal installments on August 1, 2025 and August 1, 2026. |

| (5) | These RSUs vest in three equal installments on August 1, 2025, August 1, 2026 and August 1, 2027. |

| (6) | 50% of the PSU awards granted on August 1, 2023 will vest, if at all, based on the Company’s achievement of the Adjusted Operating Cash Flow metric, 25% of such PSU awards will vest, if at all, based on the Company’s achievement of the Total Signings metric and 25% of such PSU awards will vest, if at all, based on the Company’s achievement of the Relative TSR metric. The number of shares reflected for each of the NEOs represents the maximum number of shares that would vest based on Adjusted Operating Cash Flow, Relative TSR and Total Signings metrics (because our performance as of March 31, 2025 was between target and maximum performance with respect to these performance metrics). The actual number of shares that will be distributed with respect to these fiscal 2024 PSU awards is not yet determinable. The fiscal 2024 PSU awards vest in proportion to actual performance over the three-year performance period ending on March 31, 2026. See the description of the PSU awards in “Compensation Discussion and Analysis — Elements of Compensation and Compensation Decisions — Long-Term Equity Incentives.” |

| (7) | These RSUs vest in four equal annual installments beginning on the anniversary of the grant date. |

| (8) | 50% of the PSU awards granted on June 3, 2024 will vest, if at all, based on the Company’s achievement of the Adjusted Operating Cash Flow metric, 25% of such PSU awards will vest, if at all, based on the Company’s achievement of the Total Signings metric and 25% of such PSU awards will vest, if at all, based on the Company’s achievement of the Relative TSR metric. The number