Kyndryl is dishing out shares worth hundreds of thousands of dollars to execs in the middle of a redundancy program
CEO Schroeter's latest stock award takes his total tally to 2.449 million shares. Likewise, Keinan now owns 1.603 million and Chugh 184,455.
The average wage paid to a Kyndryl employee in 2025 was $39,464 versus $15.8 million awarded to Schroeter
https://www.theregister.com/on-prem/2026/06/09/kyndryl-showers-execs-with-shares-while-staff-ponder-redundancy-packages/5252181
@OP to be fair (as hard as it may be), this 19k shares was not an award. These are specifically classified as ‘disposed of’ as a way to settle tax obligations on 38k shares that vested in June 26 from an award 2 years ago. Timing of vesting 38k shares is inconveniently poor but no one could know 2 years ago what’s going on today.
TL;DR here’s your stock from 2 years ago (38k shares) but we’ll keep 51% of them (19k shares) to pay the taxes on the value. Very, very….very…small violin.
@OP jeeez, this is sick. I'm going to throw up. aaaargh
Complete sh-t show here
Could they treat us with any more contempt