Form 4: IBM Director Marianne Brown Reports Acquisition of Common Stock Through Deferred Compensation Plan

Director Marianne Brown reports acquisition of 367 shares of IBM common stock through a deferred compensation plan.

Summary

• Marianne Catherine Brown, a director of International Business Machines Corp (IBM), reported a transaction on March 31, 2025.
• Brown acquired 367 shares of IBM common stock through the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• The price per share was $248.66.
• Following the transaction, Brown directly owns 2,283 shares of IBM common stock.
• The shares were acquired as promised fee shares, which are paid out after retirement in common stock or cash.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is acquiring more shares, which is generally a good sign, and it's part of a standard compensation plan.

Positives

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

Future Outlook

The promised fee shares are deferred until retirement, indicating a long-term commitment.

Industry Context

Directors often receive stock as part of their compensation, aligning their interests with shareholders. Deferred compensation plans are a common way to provide long-term incentives.

Comparison to Industry Standards

• Director compensation packages vary across the technology industry.
• Companies like Apple, Microsoft, and Alphabet also use stock options and restricted stock units as part of their director compensation.
• The IBM Board of Directors Deferred Compensation and Equity Award Plan is similar to those offered by other large corporations to attract and retain qualified board members.

Key Dates

Keywords

IBM, director, Marianne Brown, Form 4, deferred compensation, equity award plan, common stock, beneficial ownership