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

IBM director Alex Gorsky acquired 524 shares of common stock through a deferred compensation plan.

Summary

• Alex Gorsky, a director at IBM, acquired 524 shares of IBM common stock on March 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 $190.96.
• Following this transaction, Gorsky directly owns 28,794 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates alignment of interests between the director and the company.

Industry Context

This is a routine filing related to director compensation and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Director share acquisitions through deferred compensation plans are common practice among large publicly traded companies.
• The IBM Board of Directors Deferred Compensation and Equity Award Plan is similar to those offered by other large technology companies such as Microsoft and Apple.
• The number of shares acquired is relatively small compared to the total outstanding shares of IBM, and 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.
• The transaction is part of the director's compensation package and does not impact employees, customers, suppliers or creditors.

Key Dates

Keywords

IBM, insider trading, share acquisition, deferred compensation, director, equity award plan, stock ownership