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

IBM director Frederick William McNabb III acquired 396 shares of common stock through a deferred compensation plan.

Summary

• Frederick William McNabb III, a director at IBM, acquired 396 shares of IBM common stock on September 30, 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 $221.08.
• Following this transaction, McNabb directly owns 13,453 shares of IBM common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative for the company's outlook.

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 transaction for a director of a public company, and is not unusual in the context of executive compensation and deferred payment plans.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors and executives in large public companies like IBM.
• The use of stock awards as part of compensation is also standard practice, aligning the interests of management with those of shareholders.
• Other large technology companies such as Microsoft, Apple, and Oracle also use similar compensation structures.

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