Form 4: IBM Director Frederick H. Waddell Acquires Shares Through Deferred Compensation Plan

IBM director Frederick H. Waddell acquired 421 shares of common stock through a deferred compensation plan.

Summary

• Frederick H. Waddell, a director at IBM, acquired 421 shares of IBM common stock on December 31, 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, either in common stock or cash.
• The price per share at the time of acquisition was $219.83.
• Following this transaction, Mr. Waddell directly owns 21,082 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 positively. It indicates alignment of interests between the director and the company's long-term performance.

Positives

• The acquisition of shares by a director demonstrates 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 filing related to director compensation and is common practice for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

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 use similar deferred compensation plans for their directors.

Stakeholder Impact

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

Key Dates

Keywords

IBM, director, share acquisition, deferred compensation, equity award plan, Form 4, insider trading