J. Kavanaugh - Feb 21, 2022 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Sr. VP and CFO
Signature
D. Glowienka on behalf of J. J. Kavanaugh
Stock symbol
IBM
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 05:16 PM
Previous filing
Feb 11, 2022
Next filing
May 10, 2022

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 Rst. Stock Unit Award $0 +13.5K $0.00 13.5K Feb 21, 2022 Common Stock 13.5K $0.00 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +94.6K $0.00 94.6K Feb 21, 2022 Common Stock 94.6K $124.52 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 3,380 of these units on February 21, 2023, 3,380 of these units on February 21, 2024, 3,380 of these units on February 21, 2025, and 3,380 of these units on February 21, 2026.
F2 These derivative securities vest in four equal annual installments, the first vesting being on the date exercisable shown. All expire on the expiration date shown above.