Form 4: IBM Director McNabb Acquires 536 Shares Through Deferred Compensation Plan

IBM director Frederick William McNabb III acquired 536 shares of IBM stock through a deferred compensation plan.

Summary

• Frederick William McNabb III, a director at IBM, acquired 536 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 Mr. McNabb's retirement.
• The price of the shares at the time of acquisition was $163.55.
• Following this transaction, Mr. McNabb directly owns 11,765 shares of IBM stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative.

Positives

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

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 share acquisitions through deferred compensation plans are a common practice among large publicly traded companies.
• The number of shares acquired is relatively small compared to the overall outstanding shares of IBM, and is typical for director compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares acquired by a director.

Key Dates

Keywords

IBM, insider trading, share acquisition, deferred compensation, director, equity award, stock ownership