Form 4: IBM Director David N. Farr Acquires Shares Through Deferred Compensation Plan

IBM director David N. Farr acquired 250 shares of common stock through a deferred compensation plan on September 30, 2024.

Summary

• David N. Farr, a director at IBM, acquired 250 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 'Promised Fee Shares' which are paid out after retirement in either company stock or cash.
• The acquisition price was $221.08 per share.
• Following this transaction, Mr. Farr directly owns 20,825 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 slightly positive as it indicates alignment of interests. 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.

Future Outlook

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

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation structure for board members.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors of large public companies like IBM.
• The share acquisition is consistent with standard compensation practices for board members.
• Other technology companies such as Microsoft, Apple, and Oracle also have similar compensation plans for their directors.

Stakeholder Impact

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

Key Dates

Keywords

IBM, director, David N. Farr, share acquisition, deferred compensation, equity award plan, insider trading, stock ownership