secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001104659-21-151727
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl adopts executive severance plan and clawback policy for senior officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921151727/0001104659-21-151727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921151727/tm2135737d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-151727

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