Form 4: IBM Director Alex Gorsky Acquires Shares Through Deferred Compensation Plan

IBM director Alex Gorsky acquired 579 shares of common stock through a deferred compensation plan.

Summary

• Alex Gorsky, a director at IBM, acquired 579 shares of IBM common stock on June 28, 2024.
• The shares were acquired through the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• These shares are considered 'Promised Fee Shares' and will be distributed after retirement.
• The price per share at the time of acquisition was $172.95.
• Following this transaction, Gorsky directly owns 29,655 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it indicates alignment of interests. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The shares acquired are part of a deferred compensation plan and will be distributed to the director upon retirement.

Industry Context

This is a routine transaction for a director of a public company, and it is common for directors to receive compensation in the form of company stock.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors at large public companies like IBM.
• The number of shares acquired is relatively small compared to the total outstanding shares of IBM, which is typical for director compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares compared to the total outstanding shares.

Key Dates

Keywords

IBM, Director, Alex Gorsky, Share Acquisition, Deferred Compensation, Equity Award Plan, Insider Trading, Form 4