other material
confidence high
sentiment neutral
materiality 0.50
Kyndryl adopts executive severance plan and clawback policy for senior officers
Kyndryl Holdings, Inc.
- Severance plan covers CEO Martin Schroeter, CFO David Wyshner, Group President Elly Keinan, CHRO Maryjo Charbonnier, and GC Edward Sebold.
- Non-CIC termination: 24 months salary for CEO, 18 months for others; CIC termination: 2.0x (CEO) and 1.5x (others) of salary plus target bonus.
- Qualifying retirement at age 55+ with 10+ years service allows outstanding RSUs to continue vesting as if active.
- Clawback policy allows recoupment of incentive pay for three years after a financial restatement or for direct/indirect misconduct causing material harm.
- All severance benefits require execution of release, two-year noncompete, and continued confidentiality compliance.