Form 4: IBM Director Michelle J. Howard Reports Stock Acquisition Through Deferred Compensation Plan

Director Michelle J. Howard reports acquisition of IBM common stock through a deferred compensation plan.

Summary

• On March 31, 2025, Michelle J. Howard, a director of International Business Machines Corp (IBM), acquired 331 shares of IBM common stock.
• The acquisition was made through the IBM Board of Directors Deferred Compensation and Equity Award Plan.
• These shares were acquired as part of a deferral of fees into Promised Fee Shares under the plan.
• The price per share was $248.66.
• Following the transaction, Howard directly owns 14,820 shares of IBM common stock.
• The distribution of these Promised Fee Shares is deferred until retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to executive compensation, which can be seen as a sign of confidence in the company.

Positives

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

Future Outlook

The distribution of Promised Fee Shares is deferred until retirement, indicating a long-term investment perspective.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates

Keywords

IBM, director, stock acquisition, deferred compensation, Michelle J. Howard, Form 4, common stock, beneficial ownership