Form 4: IBM Senior Vice President Acquires Phantom Stock Units

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

Summary

• Robert David Thomas, a Senior Vice President at IBM, acquired one phantom stock unit on May 9, 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's separation from the company.
• Mr. Thomas may transfer these units into an alternative investment account under the plan.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation, which is neither positive nor negative. It is a neutral event.

Future Outlook

The phantom stock units will be distributed upon Mr. Thomas's separation from the company, or may be transferred to an alternative investment account under the plan.

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.
• The terms of IBM's Excess Savings Plan are likely similar to those of other large technology companies.
• The deferral of distribution until separation is a common practice to incentivize long-term commitment.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

Keywords

IBM, phantom stock units, insider trading, executive compensation, stock plan, Robert David Thomas, Excess Savings Plan