4/A: IBM Director Corrects Share Ownership Filing
Amendment to Beneficial Ownership Statement
IBM Director Martha E. Pollack filed an amended Form 4 to correct an administrative error in her previously reported beneficial ownership of Promised Fee Shares.
Summary
- Martha E. Pollack, a Director at International Business Machines Corp (IBM), filed an amended Form 4 (Form 4/A).
- The amendment corrects an administrative error in a previous Form 4 filing dated April 1, 2025.
- The original filing inadvertently omitted 5.077 Promised Fee Shares from the number of securities acquired on March 31, 2025.
- The corrected filing now accurately reports 237.077 Promised Fee Shares acquired on March 31, 2025.
- Following this correction, the total beneficial ownership of derivative securities for Martha E. Pollack is 15,937.077 Promised Fee Shares.
- These Promised Fee Shares are part of the IBM Board of Directors Deferred Compensation and Equity Award Plan, where fees are deferred and paid out after retirement in common stock or cash.
- The price of the derivative security (Promised Fee Share) was $248.66, reflecting the value of the underlying common stock.
Sentiment
Score: 6
Explanation: The filing is a routine correction of an administrative error, which is a positive for accuracy and compliance, but has no material impact on the company's operations or financial health. The correction itself is a neutral event, but the act of correcting is positive for transparency.
Positives
- The company and director are demonstrating transparency and commitment to accurate regulatory compliance by promptly correcting an administrative error in a public filing.
Negatives
- An administrative error occurred in the initial Form 4 filing, necessitating an amendment.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine amendment to a director's beneficial ownership report and does not provide insights into broader industry trends or competitive landscape. It reflects standard corporate governance and compensation practices for board members.
Stakeholder Impact
- Shareholders: Minor positive impact due to increased accuracy and transparency in director ownership disclosures.
- Regulatory Authorities: Positive impact as the company is fulfilling its obligation to correct errors in public filings.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of earliest transaction where Promised Fee Shares were acquired. |
| 04/01/2025 | Date the original Form 4 was filed, which contained the administrative error. |
| 12/29/2025 | Signature date of the amended Form 4. |
Keywords
IBM, Martha E Pollack, Form 4/A, SEC Filing, Beneficial Ownership, Director Compensation, Equity Award Plan, Deferred Compensation, Share Correction
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