Plasma 5.22 has moved the program’s icon in the Present Windows effect to center and seemingly has removed the rounded corners of the gray box underneath. This looks just cheap. Either remove the box entirely or make the corners round again. I vote for remove the box since it makes nice icons look worse. Take a look at how macOS’ Mission Control handles this: Also no box around the icons. Not even a box around the program’s name.
This has been fixed with the rewrite in Plasma 5.25, done by Marco Martin with https://invent.kde.org/plasma/kwin/-/commit/376ee357dbc50fec3b6e71c40938171ddb2e726a!