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

IBM director Andrew Liveris acquired 535 shares of common stock through a deferred compensation plan.

Summary

• Andrew Liveris, a director at IBM, acquired 535 shares of IBM common stock on June 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 of the common stock at the time of the transaction was $172.95 per share.
• Following this transaction, Mr. Liveris directly owns 39,320 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it shows director confidence. There is no negative information.

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 transaction is a routine disclosure of insider trading activity and is common for directors of publicly traded companies.

Comparison to Industry Standards

• Directors of large cap companies like Apple, Microsoft, and Google often participate in similar deferred compensation plans.
• These plans are a common way for companies to align the interests of directors with those of shareholders.

Stakeholder Impact

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

Key Dates

Keywords

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