Form 4: IBM Director Andrew Liveris Acquires Shares Through Deferred Compensation Plan

IBM director Andrew Liveris acquired 419 shares of common stock through a deferred compensation plan.

Summary

• Andrew Liveris, a director at IBM, acquired 419 shares of IBM common stock on September 30, 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 $221.08.
• Following this transaction, Mr. Liveris directly owns 40,058 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. It is not a major event but is a positive sign.

Positives

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

Industry Context

This transaction is a routine disclosure of a director's share acquisition, which is common in publicly traded companies. It reflects standard practices for executive compensation and alignment of interests.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors and executives in large public companies like IBM.
• The use of stock awards as part of compensation is a standard method to align the interests of management with shareholders.
• Other technology companies such as Microsoft, Apple, and Oracle also use similar compensation structures for their board members.

Stakeholder Impact

• The share acquisition by a director can be viewed positively by shareholders as it indicates confidence in the company's future performance.

Key Dates

Keywords

IBM, Director, Andrew Liveris, Share Acquisition, Deferred Compensation, Equity Award Plan, Form 4, Insider Trading