diff --git a/go.mod b/go.mod
index 417266dbec..4eaa481cbe 100644
--- a/go.mod
+++ b/go.mod
@@ -17,7 +17,7 @@ require (
 	github.com/google/go-cmp v0.5.6
 	github.com/google/uuid v1.3.0
 	github.com/gorilla/mux v1.8.0
-	github.com/hashicorp/go-version v1.3.0
+	github.com/hashicorp/go-version v1.4.0
 	github.com/ishidawataru/sctp v0.0.0-20210226210310-f2269e66cdee // indirect
 	github.com/microsoft/ApplicationInsights-Go v0.4.4
 	github.com/nxadm/tail v1.4.8
@@ -94,7 +94,7 @@ require (
 	gopkg.in/yaml.v2 v2.4.0 // indirect
 	gopkg.in/yaml.v3 v3.0.0-20210107192922-496545a6307b // indirect
 	k8s.io/component-base v0.23.0 // indirect
-	k8s.io/klog/v2 v2.30.0
+	k8s.io/klog/v2 v2.40.1
 	k8s.io/kube-openapi v0.0.0-20211115234752-e816edb12b65 // indirect
 	sigs.k8s.io/structured-merge-diff/v4 v4.2.0 // indirect
 )
diff --git a/go.sum b/go.sum
index 34f45a124d..df683f9d80 100644
--- a/go.sum
+++ b/go.sum
@@ -510,8 +510,8 @@ github.com/hashicorp/go-sockaddr v1.0.0/go.mod h1:7Xibr9yA9JjQq1JpNB2Vw7kxv8xerX
 github.com/hashicorp/go-syslog v1.0.0/go.mod h1:qPfqrKkXGihmCqbJM2mZgkZGvKG1dFdvsLplgctolz4=
 github.com/hashicorp/go-uuid v1.0.0/go.mod h1:6SBZvOh/SIDV7/2o3Jml5SYk/TvGqwFJ/bN7x4byOro=
 github.com/hashicorp/go-uuid v1.0.1/go.mod h1:6SBZvOh/SIDV7/2o3Jml5SYk/TvGqwFJ/bN7x4byOro=
-github.com/hashicorp/go-version v1.3.0 h1:McDWVJIU/y+u1BRV06dPaLfLCaT7fUTJLp5r04x7iNw=
-github.com/hashicorp/go-version v1.3.0/go.mod h1:fltr4n8CU8Ke44wwGCBoEymUuxUHl09ZGVZPK5anwXA=
+github.com/hashicorp/go-version v1.4.0 h1:aAQzgqIrRKRa7w75CKpbBxYsmUoPjzVm1W59ca1L0J4=
+github.com/hashicorp/go-version v1.4.0/go.mod h1:fltr4n8CU8Ke44wwGCBoEymUuxUHl09ZGVZPK5anwXA=
 github.com/hashicorp/go.net v0.0.1/go.mod h1:hjKkEWcCURg++eb33jQU7oqQcI9XDCnUzHA0oac0k90=
 github.com/hashicorp/golang-lru v0.5.0/go.mod h1:/m3WP610KZHVQ1SGc6re/UDhFvYD7pJ4Ao+sR/qLZy8=
 github.com/hashicorp/golang-lru v0.5.1/go.mod h1:/m3WP610KZHVQ1SGc6re/UDhFvYD7pJ4Ao+sR/qLZy8=
@@ -1507,8 +1507,9 @@ k8s.io/klog v1.0.0/go.mod h1:4Bi6QPql/J/LkTDqv7R/cd3hPo4k2DG6Ptcz060Ez5I=
 k8s.io/klog/v2 v2.0.0/go.mod h1:PBfzABfn139FHAV07az/IF9Wp1bkk3vpT2XSJ76fSDE=
 k8s.io/klog/v2 v2.2.0/go.mod h1:Od+F08eJP+W3HUb4pSrPpgp9DGU4GzlpG/TmITuYh/Y=
 k8s.io/klog/v2 v2.4.0/go.mod h1:Od+F08eJP+W3HUb4pSrPpgp9DGU4GzlpG/TmITuYh/Y=
-k8s.io/klog/v2 v2.30.0 h1:bUO6drIvCIsvZ/XFgfxoGFQU/a4Qkh0iAlvUR7vlHJw=
 k8s.io/klog/v2 v2.30.0/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
+k8s.io/klog/v2 v2.40.1 h1:P4RRucWk/lFOlDdkAr3mc7iWFkgKrZY9qZMAgek06S4=
+k8s.io/klog/v2 v2.40.1/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
 k8s.io/kube-openapi v0.0.0-20200805222855-6aeccd4b50c6/go.mod h1:UuqjUnNftUyPE5H64/qeyjQoUZhGpeFDVdxjTeEVN2o=
 k8s.io/kube-openapi v0.0.0-20201113171705-d219536bb9fd/go.mod h1:WOJ3KddDSol4tAGcJo0Tvi+dK12EcqSLqcWsryKMpfM=
 k8s.io/kube-openapi v0.0.0-20211115234752-e816edb12b65 h1:E3J9oCLlaobFUqsjG9DfKbP2BmgwBL2p7pn0A3dG9W4=
diff --git a/vendor/k8s.io/klog/v2/klog.go b/vendor/k8s.io/klog/v2/klog.go
index 45efbb0755..dacdf91120 100644
--- a/vendor/k8s.io/klog/v2/klog.go
+++ b/vendor/k8s.io/klog/v2/klog.go
@@ -801,14 +801,19 @@ func (l *loggingT) infoS(logger *logr.Logger, filter LogFilter, depth int, msg s
 // printS is called from infoS and errorS if loggr is not specified.
 // set log severity by s
 func (l *loggingT) printS(err error, s severity, depth int, msg string, keysAndValues ...interface{}) {
-	b := &bytes.Buffer{}
-	b.WriteString(fmt.Sprintf("%q", msg))
+	// Only create a new buffer if we don't have one cached.
+	b := l.getBuffer()
+	// The message is always quoted, even if it contains line breaks.
+	// If developers want multi-line output, they should use a small, fixed
+	// message and put the multi-line output into a value.
+	b.WriteString(strconv.Quote(msg))
 	if err != nil {
-		b.WriteByte(' ')
-		b.WriteString(fmt.Sprintf("err=%q", err.Error()))
+		kvListFormat(&b.Buffer, "err", err)
 	}
-	kvListFormat(b, keysAndValues...)
-	l.printDepth(s, logging.logr, nil, depth+1, b)
+	kvListFormat(&b.Buffer, keysAndValues...)
+	l.printDepth(s, logging.logr, nil, depth+1, &b.Buffer)
+	// Make the buffer available for reuse.
+	l.putBuffer(b)
 }
 
 const missingValue = "(MISSING)"
@@ -823,22 +828,109 @@ func kvListFormat(b *bytes.Buffer, keysAndValues ...interface{}) {
 			v = missingValue
 		}
 		b.WriteByte(' ')
+		// Keys are assumed to be well-formed according to
+		// https://github.com/kubernetes/community/blob/master/contributors/devel/sig-instrumentation/migration-to-structured-logging.md#name-arguments
+		// for the sake of performance. Keys with spaces,
+		// special characters, etc. will break parsing.
+		if k, ok := k.(string); ok {
+			// Avoid one allocation when the key is a string, which
+			// normally it should be.
+			b.WriteString(k)
+		} else {
+			b.WriteString(fmt.Sprintf("%s", k))
+		}
 
-		switch v.(type) {
-		case string, error:
-			b.WriteString(fmt.Sprintf("%s=%q", k, v))
+		// The type checks are sorted so that more frequently used ones
+		// come first because that is then faster in the common
+		// cases. In Kubernetes, ObjectRef (a Stringer) is more common
+		// than plain strings
+		// (https://github.com/kubernetes/kubernetes/pull/106594#issuecomment-975526235).
+		switch v := v.(type) {
+		case fmt.Stringer:
+			writeStringValue(b, true, stringerToString(v))
+		case string:
+			writeStringValue(b, true, v)
+		case error:
+			writeStringValue(b, true, v.Error())
 		case []byte:
-			b.WriteString(fmt.Sprintf("%s=%+q", k, v))
+			// In https://github.com/kubernetes/klog/pull/237 it was decided
+			// to format byte slices with "%+q". The advantages of that are:
+			// - readable output if the bytes happen to be printable
+			// - non-printable bytes get represented as unicode escape
+			//   sequences (\uxxxx)
+			//
+			// The downsides are that we cannot use the faster
+			// strconv.Quote here and that multi-line output is not
+			// supported. If developers know that a byte array is
+			// printable and they want multi-line output, they can
+			// convert the value to string before logging it.
+			b.WriteByte('=')
+			b.WriteString(fmt.Sprintf("%+q", v))
 		default:
-			if _, ok := v.(fmt.Stringer); ok {
-				b.WriteString(fmt.Sprintf("%s=%q", k, v))
-			} else {
-				b.WriteString(fmt.Sprintf("%s=%+v", k, v))
-			}
+			writeStringValue(b, false, fmt.Sprintf("%+v", v))
 		}
 	}
 }
 
+func stringerToString(s fmt.Stringer) (ret string) {
+	defer func() {
+		if err := recover(); err != nil {
+			ret = "nil"
+		}
+	}()
+	ret = s.String()
+	return
+}
+
+func writeStringValue(b *bytes.Buffer, quote bool, v string) {
+	data := []byte(v)
+	index := bytes.IndexByte(data, '\n')
+	if index == -1 {
+		b.WriteByte('=')
+		if quote {
+			// Simple string, quote quotation marks and non-printable characters.
+			b.WriteString(strconv.Quote(v))
+			return
+		}
+		// Non-string with no line breaks.
+		b.WriteString(v)
+		return
+	}
+
+	// Complex multi-line string, show as-is with indention like this:
+	// I... "hello world" key=<
+	// <tab>line 1
+	// <tab>line 2
+	//  >
+	//
+	// Tabs indent the lines of the value while the end of string delimiter
+	// is indented with a space. That has two purposes:
+	// - visual difference between the two for a human reader because indention
+	//   will be different
+	// - no ambiguity when some value line starts with the end delimiter
+	//
+	// One downside is that the output cannot distinguish between strings that
+	// end with a line break and those that don't because the end delimiter
+	// will always be on the next line.
+	b.WriteString("=<\n")
+	for index != -1 {
+		b.WriteByte('\t')
+		b.Write(data[0 : index+1])
+		data = data[index+1:]
+		index = bytes.IndexByte(data, '\n')
+	}
+	if len(data) == 0 {
+		// String ended with line break, don't add another.
+		b.WriteString(" >")
+	} else {
+		// No line break at end of last line, write rest of string and
+		// add one.
+		b.WriteByte('\t')
+		b.Write(data)
+		b.WriteString("\n >")
+	}
+}
+
 // redirectBuffer is used to set an alternate destination for the logs
 type redirectBuffer struct {
 	w io.Writer
@@ -917,7 +1009,15 @@ func LogToStderr(stderr bool) {
 
 // output writes the data to the log files and releases the buffer.
 func (l *loggingT) output(s severity, log *logr.Logger, buf *buffer, depth int, file string, line int, alsoToStderr bool) {
+	var isLocked = true
 	l.mu.Lock()
+	defer func() {
+		if isLocked {
+			// Unlock before returning in case that it wasn't done already.
+			l.mu.Unlock()
+		}
+	}()
+
 	if l.traceLocation.isSet() {
 		if l.traceLocation.match(file, line) {
 			buf.Write(stacks(false))
@@ -980,6 +1080,7 @@ func (l *loggingT) output(s severity, log *logr.Logger, buf *buffer, depth int,
 		// If we got here via Exit rather than Fatal, print no stacks.
 		if atomic.LoadUint32(&fatalNoStacks) > 0 {
 			l.mu.Unlock()
+			isLocked = false
 			timeoutFlush(10 * time.Second)
 			os.Exit(1)
 		}
@@ -997,11 +1098,12 @@ func (l *loggingT) output(s severity, log *logr.Logger, buf *buffer, depth int,
 			}
 		}
 		l.mu.Unlock()
+		isLocked = false
 		timeoutFlush(10 * time.Second)
-		os.Exit(255) // C++ uses -1, which is silly because it's anded with 255 anyway.
+		os.Exit(255) // C++ uses -1, which is silly because it's anded(&) with 255 anyway.
 	}
 	l.putBuffer(buf)
-	l.mu.Unlock()
+
 	if stats := severityStats[s]; stats != nil {
 		atomic.AddInt64(&stats.lines, 1)
 		atomic.AddInt64(&stats.bytes, int64(len(data)))
@@ -1387,6 +1489,14 @@ func InfoSDepth(depth int, msg string, keysAndValues ...interface{}) {
 	logging.infoS(logging.logr, logging.filter, depth, msg, keysAndValues...)
 }
 
+// InfoSDepth is equivalent to the global InfoSDepth function, guarded by the value of v.
+// See the documentation of V for usage.
+func (v Verbose) InfoSDepth(depth int, msg string, keysAndValues ...interface{}) {
+	if v.enabled {
+		logging.infoS(v.logr, v.filter, depth, msg, keysAndValues...)
+	}
+}
+
 // Deprecated: Use ErrorS instead.
 func (v Verbose) Error(err error, msg string, args ...interface{}) {
 	if v.enabled {
diff --git a/vendor/k8s.io/klog/v2/klog_file.go b/vendor/k8s.io/klog/v2/klog_file.go
index de830d9221..1025d644f3 100644
--- a/vendor/k8s.io/klog/v2/klog_file.go
+++ b/vendor/k8s.io/klog/v2/klog_file.go
@@ -22,9 +22,7 @@ import (
 	"errors"
 	"fmt"
 	"os"
-	"os/user"
 	"path/filepath"
-	"runtime"
 	"strings"
 	"sync"
 	"time"
@@ -57,38 +55,6 @@ func init() {
 	}
 }
 
-func getUserName() string {
-	userNameOnce.Do(func() {
-		// On Windows, the Go 'user' package requires netapi32.dll.
-		// This affects Windows Nano Server:
-		//   https://github.com/golang/go/issues/21867
-		// Fallback to using environment variables.
-		if runtime.GOOS == "windows" {
-			u := os.Getenv("USERNAME")
-			if len(u) == 0 {
-				return
-			}
-			// Sanitize the USERNAME since it may contain filepath separators.
-			u = strings.Replace(u, `\`, "_", -1)
-
-			// user.Current().Username normally produces something like 'USERDOMAIN\USERNAME'
-			d := os.Getenv("USERDOMAIN")
-			if len(d) != 0 {
-				userName = d + "_" + u
-			} else {
-				userName = u
-			}
-		} else {
-			current, err := user.Current()
-			if err == nil {
-				userName = current.Username
-			}
-		}
-	})
-
-	return userName
-}
-
 // shortHostname returns its argument, truncating at the first period.
 // For instance, given "www.google.com" it returns "www".
 func shortHostname(hostname string) string {
diff --git a/vendor/k8s.io/klog/v2/klog_file_others.go b/vendor/k8s.io/klog/v2/klog_file_others.go
new file mode 100644
index 0000000000..aa46726851
--- /dev/null
+++ b/vendor/k8s.io/klog/v2/klog_file_others.go
@@ -0,0 +1,19 @@
+//go:build !windows
+// +build !windows
+
+package klog
+
+import (
+	"os/user"
+)
+
+func getUserName() string {
+	userNameOnce.Do(func() {
+		current, err := user.Current()
+		if err == nil {
+			userName = current.Username
+		}
+	})
+
+	return userName
+}
diff --git a/vendor/k8s.io/klog/v2/klog_file_windows.go b/vendor/k8s.io/klog/v2/klog_file_windows.go
new file mode 100644
index 0000000000..2517f9c538
--- /dev/null
+++ b/vendor/k8s.io/klog/v2/klog_file_windows.go
@@ -0,0 +1,34 @@
+//go:build windows
+// +build windows
+
+package klog
+
+import (
+	"os"
+	"strings"
+)
+
+func getUserName() string {
+	userNameOnce.Do(func() {
+		// On Windows, the Go 'user' package requires netapi32.dll.
+		// This affects Windows Nano Server:
+		//   https://github.com/golang/go/issues/21867
+		// Fallback to using environment variables.
+		u := os.Getenv("USERNAME")
+		if len(u) == 0 {
+			return
+		}
+		// Sanitize the USERNAME since it may contain filepath separators.
+		u = strings.Replace(u, `\`, "_", -1)
+
+		// user.Current().Username normally produces something like 'USERDOMAIN\USERNAME'
+		d := os.Getenv("USERDOMAIN")
+		if len(d) != 0 {
+			userName = d + "_" + u
+		} else {
+			userName = u
+		}
+	})
+
+	return userName
+}
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 9d088c83ee..17fcd541ae 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -135,7 +135,7 @@ github.com/googleapis/gnostic/openapiv2
 # github.com/gorilla/mux v1.8.0
 ## explicit; go 1.12
 github.com/gorilla/mux
-# github.com/hashicorp/go-version v1.3.0
+# github.com/hashicorp/go-version v1.4.0
 ## explicit
 github.com/hashicorp/go-version
 # github.com/hashicorp/hcl v1.0.0
@@ -888,7 +888,7 @@ k8s.io/component-base/config/v1alpha1
 # k8s.io/klog v1.0.0
 ## explicit; go 1.12
 k8s.io/klog
-# k8s.io/klog/v2 v2.30.0
+# k8s.io/klog/v2 v2.40.1
 ## explicit; go 1.13
 k8s.io/klog/v2
 # k8s.io/kube-openapi v0.0.0-20211115234752-e816edb12b65