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

IBM director Andrew Liveris acquired 485 shares of common stock through a deferred compensation plan.

Summary

• Andrew Liveris, a director at IBM, acquired 485 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. Liveris directly owns 38,409 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 investors. 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.
• The deferred compensation plan aligns the director's interests with the long-term performance of the company.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a routine filing related to director compensation and is not indicative of any broader industry trends.

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.

Stakeholder Impact

• The share acquisition 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