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

IBM director David N. Farr acquired 251 shares of common stock through a deferred compensation plan.

Summary

• David N. Farr, a director at International Business Machines Corp (IBM), acquired 251 shares of IBM common stock.
• The acquisition occurred on December 31, 2024, 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 price of the shares at the time of the transaction was $219.83.
• Following the transaction, Mr. Farr directly owns 21,226 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 indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

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

Comparison to Industry Standards

• Director share acquisitions through deferred compensation plans are a common practice among large publicly traded companies.
• Many companies, such as Apple, Microsoft, and Google, offer similar compensation structures to their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

IBM, David N. Farr, Director, Share Acquisition, Deferred Compensation, Stock Ownership, Corporate Governance