Form 4: IBM Director Waddell Acquires Shares Through Deferred Compensation Plan

IBM director Frederick H. Waddell acquired 485 shares of common stock through a deferred compensation plan.

Summary

• Frederick H. Waddell, a director at IBM, acquired 485 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, Waddell directly owns 19,210 shares of IBM common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it indicates alignment of interests. There is no indication of any negative sentiment.

Positives

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

Industry Context

This is a routine transaction related to director compensation and is not unusual for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors of large public companies like IBM.
• Many companies, such as Microsoft and Apple, also use similar equity-based compensation plans for their board members.
• The number of shares acquired is relatively small compared to the overall outstanding shares of IBM, which is typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

IBM, director, share acquisition, deferred compensation, equity award plan, insider trading, corporate governance