Form 4: IBM Director Marianne Brown Acquires 119 Shares Through Deferred Compensation Plan

IBM director Marianne Brown acquired 119 shares of common stock through a deferred compensation plan on December 29, 2023.

Summary

• IBM director Marianne Brown acquired 119 shares of IBM common stock on December 29, 2023.
• 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 of the shares at the time of acquisition was $163.55.
• The shares are held directly by Marianne Brown.

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 long-term performance.

Positives

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

Future Outlook

The shares acquired are part of a deferred compensation plan and will be distributed to the director upon retirement.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors at large public companies like IBM.
• The number of shares acquired is relatively small and is typical for this type of transaction.
• Other technology companies such as Microsoft and Apple also use similar deferred compensation plans for their directors.

Stakeholder Impact

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

Key Dates

Keywords

IBM, insider trading, Form 4, Marianne Brown, deferred compensation, stock acquisition, director, equity award plan