Michelle H. Browdy - Feb 8, 2024 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Senior Vice President
Signature
L. Mallardi on behalf of M. Browdy
Stock symbol
IBM
Transactions as of
Feb 8, 2024
Transactions value $
$0
Form type
4
Date filed
2/12/2024, 06:49 PM
Previous filing
Feb 5, 2024
Next filing
Feb 23, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IBM Phantom Stock Unit Award $0 +42 +0.9% $0.00 4.71K Feb 8, 2024 Common Stock 42 $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
F2 Acquisition of phantom stock units under the IBM Excess Savings Plan (formerly known as the IBM Excess 401(k) Plus Plan).
F3 Distribution of phantom stock units under the IBM Excess Savings Plan (formerly known as the IBM Excess 401(k) Plus Plan) is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.