Form 4: IBM Director Martha E. Pollack Acquires Shares Through Deferred Compensation Plan

IBM director Martha E. Pollack acquired 289 shares of common stock through a deferred compensation plan on March 28, 2024.

Summary

• Martha E. Pollack, a director at IBM, acquired 289 shares of IBM common stock on March 28, 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.
• The price per share at the time of acquisition was $190.96.
• Following this transaction, Ms. Pollack directly owns 14,408 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 aligns director interests with shareholders.

Positives

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

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

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

Comparison to Industry Standards

• Director compensation through deferred stock awards is a common practice among large publicly traded companies.
• The IBM Board of Directors Deferred Compensation and Equity Award Plan is similar to those offered by other large technology companies such as Microsoft and Apple.
• The share price of $190.96 is within the expected range for IBM stock at the time of the transaction.

Stakeholder Impact

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

Key Dates

Keywords

IBM, director, Martha E. Pollack, share acquisition, deferred compensation, equity award plan, insider trading, Form 4