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KYNDRYL GRANTS INDUCEMENT EQUITY AWARDS TO NEW CHIEF FINANCIAL OFFICER AND GENERAL COUNSEL AND SECRETARY PURSUANT TO NYSE RULE 303A.08

KD
  • Kyndryl granted equity awards to newly hired Chief Financial Officer Ellen Johnson and General Counsel & Secretary Andrew Bonzani as a material inducement for their employment.
  • The awards were approved by the Compensation and Human Capital Committee under the NYSE Listed Company Manual Rule 303A.08 employment inducement exemption.
  • Johnson received 248,514 performance stock units (PSUs) with a maximum payout of 180% over three years, 121,248 restricted stock units (RSUs) vesting over four years, and 115,474 sign-on RSUs vesting over three years.
  • Bonzani received 138,063 PSUs with a maximum payout of 180% over three years, 67,360 RSUs vesting over four years, and 96,228 sign-on RSUs vesting over three years.
  • All awards were granted pursuant to the Kyndryl 2026 Employment Inducement Equity Incentive Plan.
  • Award terms under the 2026 plan are generally consistent with those under the Amended and Restated Kyndryl 2021 Long-Term Performance Plan.