Form 4: IBM Director Alex Gorsky Reports Acquisition of Common Stock Through Deferred Compensation Plan

Director Alex Gorsky reports acquiring 433 shares of IBM common stock on March 31, 2025, through a deferral of fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan.

Summary

• On March 31, 2025, Alex Gorsky, a director of International Business Machines Corp (IBM), acquired 433 shares of IBM common stock.
• The acquisition was a result of deferring fees into Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• These Promised Fee Shares are paid out after retirement in the company's common stock or cash.
• The price per share was $248.66.
• Following the transaction, Gorsky directly owns 31,656 shares of IBM common stock.
• The distribution of these Promised Fee Shares is deferred until retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company, which can be seen as a sign of confidence. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's outlook.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements, but it indicates continued participation in the IBM Board of Directors Deferred Compensation and Equity Award Plan.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the financial interests of company directors.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among large corporations like IBM to attract and retain top talent.
• Executive stock ownership is generally viewed positively by investors as it aligns management's interests with those of shareholders.
• Companies like Apple, Microsoft, and Google also have similar executive compensation plans that include stock awards and deferred compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates a director's continued investment in the company.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

IBM, Alex Gorsky, Form 4, Director, Common Stock, Deferred Compensation, Equity Award Plan, Beneficial Ownership, Transaction