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

IBM director Alex Gorsky acquired 612 shares of common stock through a deferred compensation plan.

Summary

• Alex Gorsky, a director at IBM, acquired 612 shares of IBM common stock on December 29, 2023.
• 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 $163.55.
• Following this transaction, Gorsky directly owns 28,028 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 positively by the market. The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Positives

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

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many large public companies use deferred compensation plans as part of their executive and director compensation packages.
• These plans are designed to align the interests of management with those of shareholders by tying compensation to long-term company performance.
• Similar plans are used by companies such as Microsoft, Apple, and Google.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

IBM, director, Alex Gorsky, share acquisition, deferred compensation, equity award plan, insider trading, Form 4