J. Kavanaugh - Aug 13, 2021 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Sr. VP and CFO
Signature
D. Condrea on behalf of J. J. Kavanaugh
Stock symbol
IBM
Transactions as of
Aug 13, 2021
Transactions value $
$3,150
Form type
4
Date filed
8/16/2021, 11:15 AM
Previous filing
Aug 10, 2021
Next filing
Sep 1, 2021

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 $3.15K +22 +0.27% $143.18 8.25K Aug 13, 2021 Common Stock 22 $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 401(k) Plus Plan.
F3 Distribution of phantom stock units under 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.