Form 4: IBM Director Thomas Buberl Acquires Shares Through Deferred Compensation Plan
SEC Form 4
IBM Director Thomas Buberl acquired 399 shares of common stock through a deferred compensation plan.
Summary
- Thomas Buberl, a director at IBM, acquired 399 shares of IBM common stock on December 31, 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 $219.83.
- Following this transaction, Mr. Buberl directly owns 12,187 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 the company's long-term performance. There are no negative implications.
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 the long-term performance of the company.
Industry Context
This is a routine filing related to director compensation and is common practice for publicly traded companies. It does not indicate any unusual activity or trend within the technology industry.
Comparison to Industry Standards
- Deferred compensation plans are a common practice for directors at large public companies like IBM.
- The share acquisition is consistent with standard compensation practices for board members.
- Other technology companies such as Microsoft, Apple, and Oracle also use similar deferred compensation plans for their directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates director confidence in the company.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the share acquisition by Thomas Buberl. |
| 01/02/2025 | Date of the signature on the Form 4 filing. |
Keywords
IBM, director, Thomas Buberl, share acquisition, deferred compensation, equity award plan, insider trading, Form 4
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