D. Cohn - Feb 21, 2023 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Vice Chairman
Signature
D. Glowienka on behalf of G. D. Cohn
Stock symbol
IBM
Transactions as of
Feb 21, 2023
Transactions value $
-$200,306
Form type
4
Date filed
2/23/2023, 04:10 PM
Previous filing
Feb 3, 2023
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +2.72K +6.89% $0.00 42.2K Feb 21, 2023 Direct
transaction IBM Common Stock Tax liability -$200K -1.51K -3.57% $133.01 40.7K Feb 21, 2023 Direct

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 +10.4K $0.00 10.4K Feb 21, 2023 Common Stock 10.4K $0.00 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +62.7K $0.00 62.7K Feb 21, 2023 Common Stock 62.7K $133.00 Direct F2
transaction IBM Rst. Stock Unit Options Exercise $0 -2.72K -24.99% $0.00 8.17K Feb 21, 2023 Common Stock 2.72K $0.00 Direct F3, F4
* 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 2,611 of these units on February 21, 2024, 2,612 of these units on February 21, 2025, 2,611 of these units on February 21, 2026, and 2,612 of these units on February 21, 2027.
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.
F3 These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
F4 Release of restricted stock units.