Form 4: IBM Director McNabb Acquires 506 Shares Through Deferred Compensation Plan

IBM director Frederick William McNabb III acquired 506 shares of common stock through a deferred compensation plan.

Summary

• Frederick William McNabb III, a director at IBM, acquired 506 shares of IBM common stock on June 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 of the shares at the time of acquisition was $172.95 per share.
• Following this transaction, McNabb directly owns 12,952 shares of IBM common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction, not indicative of any significant positive or negative sentiment. It is a standard disclosure.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

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

Industry Context

This is a routine disclosure of a director's share acquisition, which is common in publicly traded companies. It does not indicate any specific trend or competitive activity.

Comparison to Industry Standards

• Share acquisitions by directors are a common practice across publicly listed companies.
• Deferred compensation plans are a standard method for compensating board members and executives.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.

Stakeholder Impact

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

Key Dates

Keywords

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