Form 4: IBM Director Peter R. Voser Acquires Shares Through Deferred Compensation Plan

IBM director Peter R. Voser acquired 498 shares of common stock through a deferred compensation plan.

Summary

• Peter R. Voser, a director at IBM, acquired 498 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. Voser directly owns 27,141 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

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

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors at large public companies like IBM.
• The use of stock awards as part of director compensation is also standard practice to align director interests with shareholder value.
• Other technology companies such as Microsoft, Apple, and Oracle also use similar compensation structures for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates director confidence in the company.

Key Dates

Keywords

IBM, director, Peter R. Voser, share acquisition, deferred compensation, equity award plan, insider trading, Form 4