Form 4: IBM Director Frederick H. Waddell Reports Stock Acquisition Through Deferred Compensation Plan

Director Frederick H. Waddell reported the acquisition of 393 shares of IBM common stock through a deferred compensation plan.

Summary

• Frederick H. Waddell, a director of International Business Machines Corp (IBM), reported a transaction on March 31, 2025.
• The transaction involved the acquisition of 393 shares of IBM common stock through the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• These shares are considered 'Promised Fee Shares' and are paid out after retirement in either common stock or cash.
• The price per share was $248.66.
• Following the reported transaction, Waddell directly owns 21,611 shares of IBM common stock.
• The distribution of these Promised Fee Shares is deferred until retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to executive compensation, indicating continued investment in the company by a director.

Positives

• The acquisition of shares demonstrates the director's continued investment in the company.
• The use of a deferred compensation plan aligns the director's interests with the long-term performance of IBM.

Future Outlook

The distribution of the Promised Fee Shares is deferred until retirement, indicating a long-term investment perspective.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It reflects standard practices for executive compensation and deferred equity awards.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• It reinforces the alignment of interests between the director and the company's long-term performance.

Key Dates

Keywords

IBM, Director, Waddell, Deferred Compensation, Stock Acquisition, Form 4, Beneficial Ownership, Equity Award Plan