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

IBM director David N. Farr acquired 289 shares of common stock through a deferred compensation plan on March 28, 2024.

Summary

• David N. Farr, a director at IBM, acquired 289 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. Farr directly owns 19,896 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 aligns director interests with the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
• The use of a deferred compensation plan aligns the director's interests with the long-term performance of the company.

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 method of compensating directors in large public companies like IBM.
• The use of stock awards as part of compensation is a standard practice to align director interests with shareholder value.
• Many companies such as Apple, Microsoft, and Google also use similar compensation structures for their board members.

Stakeholder Impact

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

Key Dates

Keywords

IBM, Director, David N. Farr, Share Acquisition, Deferred Compensation, Equity Award Plan, Insider Trading, Form 4