Form 4: IBM Director Michelle J. Howard Acquires Shares Through Deferred Compensation Plan

IBM director Michelle J. Howard acquired 456 shares of common stock through a deferred compensation plan.

Summary

• Michelle J. Howard, a director at IBM, acquired 456 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 per share at the time of acquisition was $172.95.
• Following this transaction, Ms. Howard directly owns 13,472 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows director confidence, but it is not a major event.

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, using a common deferred compensation plan.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in large public companies like IBM.
• The share acquisition is consistent with standard practices for aligning director interests with shareholder value.
• Other large 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 shows director confidence in the company.

Key Dates

Keywords

IBM, director, Michelle J. Howard, share acquisition, deferred compensation, equity award plan, insider trading, Form 4