Form 4: IBM Director Michael Miebach Reports Acquisition of Promised Fee Shares

Director Michael Miebach reports the acquisition of 367 Promised Fee Shares of IBM common stock through deferral of fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan.

Summary

• Michael Miebach, a director of International Business Machines Corp (IBM), reported a transaction on March 31, 2025.
• Miebach acquired 367 Promised Fee Shares of IBM common stock through deferral of fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• The price of the shares was $248.66.
• Following the transaction, Miebach directly owns 2,537 shares.
• The distribution of these Promised Fee Shares is deferred until retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with the company's long-term performance.

Future Outlook

The distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common among publicly traded companies. It reflects standard practices for aligning director compensation with company performance and long-term shareholder value.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders through equity ownership.
• The deferred compensation plan may impact employee morale positively, as it demonstrates a commitment to long-term incentives.

Key Dates

Keywords

IBM, Michael Miebach, Promised Fee Shares, Director, Form 4, Deferred Compensation, Equity Award Plan, Beneficial Ownership