---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-027351"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2022-02-25T23:59:59+00:00"
generated_at: "2026-06-27T04:20:38.511601+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kyndryl adopts Annual Incentive Plan, sets exec cash bonus targets, amends severance plan

## Summary
- Target cash bonus for transition period (Jan-Mar 2022): 200% of base salary for CEO Schroeter and Group President Keinan; 125% for CFO Wyshner, GC Sebold, CHRO Charbonnier.
- Payout ranges 0%-200% of target based equally on revenue and Adjusted EBITDA, with +/-10% adjustment for backlog and advisory signings.
- Severance plan amended: 24-month base salary (Schroeter) and 18-month (others) payable in lump sum rather than salary continuation.
- Schroeter's health coverage continuation reduced from 24 to 18 months on covered termination.
- Annual meeting set for July 28, 2022; stockholder proposal deadline March 7, 2022.

## SEC filing metadata
- accession: 0001104659-22-027351
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2022-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000110465922027351/0001104659-22-027351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000110465922027351/tm227537d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-027351
- JSON: https://secwatch.observer/filing/0001104659-22-027351.json
- Plain text: https://secwatch.observer/filing/0001104659-22-027351.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.