Form 4: IBM Director Peter R. Voser Acquires 550 Shares Through Deferred Compensation Plan
SEC Form 4
IBM director Peter R. Voser acquired 550 shares of common stock through a deferred compensation plan.
Summary
- Peter R. Voser, a director at International Business Machines Corp (IBM), acquired 550 shares of IBM common stock.
- The acquisition occurred on June 28, 2024, through the IBM Board of Directors Deferred Compensation and Equity Award Plan.
- These shares are 'Promised Fee Shares' which are deferred until retirement and will be paid out in either company stock or cash.
- The price of the stock at the time of the transaction was $172.95 per share.
- Following this transaction, Voser directly owns 27,956 shares of IBM common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it indicates alignment of interests. There are no negative implications.
Positives
- The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
Future Outlook
The shares acquired are part of a deferred compensation plan and will be distributed upon retirement.
Industry Context
This is a routine transaction related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Deferred compensation plans are a common practice among large publicly traded companies like IBM, including competitors such as Microsoft, Oracle, and Accenture.
- These plans are often used to align the interests of executives with the long-term performance of the company.
- The number of shares acquired is relatively small compared to the overall shareholding of the company, which is typical for these types of transactions.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it indicates confidence from a director in the company's future.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the transaction where Peter R. Voser acquired 550 shares of IBM stock. |
| 07/02/2024 | Date the Form 4 was signed on behalf of Peter R. Voser. |
Keywords
IBM, insider trading, director, stock acquisition, deferred compensation, equity award plan, Peter R. Voser, share ownership
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