Form 4: IBM Director Andrew Liveris Acquires Shares Through Deferred Compensation Plan
SEC Form 4
IBM director Andrew Liveris acquired 566 shares of common stock through a deferred compensation plan.
Summary
- Andrew Liveris, a director at IBM, acquired 566 shares of IBM common stock on December 29, 2023.
- 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 shares at the time of acquisition was $163.55.
- Following this transaction, Mr. Liveris directly owns 37,599 shares of IBM common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with the company's long-term performance. There are no negative implications.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The deferred compensation plan aligns director interests with long-term company performance.
Industry Context
This is a routine transaction 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 of large public companies like IBM.
- Many companies, such as Microsoft, Apple, and Google, use similar equity-based compensation plans to align director interests with shareholder value.
- The number of shares acquired is relatively small compared to the total outstanding shares of IBM, which is typical for director compensation.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates director confidence in the company.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/29/2023 | Date of the share acquisition by Andrew Liveris. |
| 01/03/2024 | Date the Form 4 was signed. |
Keywords
IBM, director, Andrew Liveris, share acquisition, deferred compensation, equity award plan, insider trading, corporate governance
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