Kyndryl (NYSE: KD) interim counsel awarded 19,921 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ringes Mark reported acquisition or exercise transactions in this Form 4 filing.
Kyndryl Holdings reported that Interim General Counsel Mark Ringes received a grant of 19,921 restricted stock units of common stock on March 2, 2026. The award was made in connection with his appointment and will vest six months from the grant date. Following this grant, he directly holds 69,319 common shares, and an additional 6 shares are held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ringes Mark
Role
Interim General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,921 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,319 shares (Direct);
Common Stock — 6 shares (Indirect, By Spouse)
Footnotes (1)
- Represents a grant, in connection with the Reporting Person's appointment as Interim General Counsel in February 2026, of restricted stock units that will vest 6 months from the grant date, with a grant date fair value based on the average of the high and low prices of the Company's common stock on the New York Stock Exchange on the grant date. These shares are owned directly by the Reporting Person's spouse.
FAQ
What did Kyndryl (KD) insider Mark Ringes report in this Form 4 filing?
Interim General Counsel Mark Ringes reported receiving 19,921 restricted stock units of Kyndryl common stock on March 2, 2026. The grant was made in connection with his appointment to the interim role and increases his directly held shares to 69,319.
Why did Kyndryl grant 19,921 restricted stock units to Mark Ringes?
Kyndryl granted 19,921 restricted stock units to Mark Ringes in connection with his appointment as Interim General Counsel in February 2026. The award reflects equity-based compensation tied to this leadership role rather than an open-market purchase of shares.
When do Mark Ringes’s Kyndryl restricted stock units vest?
The 19,921 restricted stock units granted to Mark Ringes will vest six months from the March 2, 2026 grant date. Vesting is based on a grant date fair value using the average of the high and low stock prices that day.
How was the fair value of the Kyndryl restricted stock grant to Mark Ringes determined?
The grant date fair value of the 19,921 restricted stock units was based on the average of the high and low prices of Kyndryl’s common stock on the New York Stock Exchange on the March 2, 2026 grant date, as described in the filing footnote.