Form 4: IBM Director Michael Miebach Acquires 311 Shares Through Deferred Compensation Plan

IBM director Michael Miebach acquired 311 shares of common stock through a deferred compensation plan on March 28, 2024.

Summary

• Michael Miebach, a director at IBM, acquired 311 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, Mr. Miebach directly owns 677 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. It is not a major event but is a positive sign.

Positives

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

Future Outlook

The acquired shares are part of a deferred compensation plan, indicating a long-term commitment by the director.

Industry Context

This is a routine transaction for a director of a public company, aligning their compensation with the company's long-term performance.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in large public companies like IBM.
• The acquisition of shares by directors is a standard way to align their interests with shareholders.
• Other technology companies such as Microsoft and Apple also use similar compensation structures for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's long-term commitment to the company.

Key Dates

Keywords

IBM, director, Michael Miebach, stock acquisition, deferred compensation, equity award plan, insider trading, Form 4