Form 4: IBM Director Alfred W. Zollar Acquires Shares Through Deferred Compensation Plan

IBM director Alfred W. Zollar acquired 459 shares of common stock through a deferred compensation plan.

Summary

• Alfred W. Zollar, a director at IBM, acquired 459 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, Mr. Zollar directly owns 6,145 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 aligns director interests with the company's long-term performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a deferred compensation plan aligns the director's interests with long-term company performance.

Industry Context

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

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors at large public companies like IBM.
• The share acquisition is consistent with standard director compensation practices.
• Other technology companies such as Microsoft and Apple also use similar deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

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