Form 4: IBM Senior Vice President Acquires Phantom Stock Units

IBM Senior Vice President, Robert David Thomas, acquired one phantom stock unit under the IBM Excess Savings Plan.

Summary

• Robert David Thomas, a Senior Vice President at IBM, acquired one phantom stock unit on November 12, 2024.
• The phantom stock unit was acquired under the IBM Excess Savings Plan.
• These units convert to the cash value of IBM's common stock on a one-for-one basis.
• The distribution of these units is deferred until Mr. Thomas separates from the company.
• Mr. Thomas may transfer these units into an alternative investment account under the plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many large public companies use phantom stock units as part of their executive compensation packages.
• These units are often tied to performance and are a common way to align executive interests with shareholder value.
• The deferral of distribution until separation is also a standard practice to encourage long-term commitment.

Stakeholder Impact

• The acquisition of phantom stock units has a minimal direct impact on shareholders.
• It is part of the company's compensation strategy to retain and incentivize executives.

Key Dates

Keywords

phantom stock units, IBM Excess Savings Plan, insider trading, executive compensation, stock options, IBM