J. Kavanaugh - Feb 21, 2023 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, 2023
Transactions value $
-$225,310
Form type
4
Date filed
2/23/2023, 04:11 PM
Previous filing
Feb 13, 2023
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +3.38K +3.79% $0.00 92.6K Feb 21, 2023 Direct
transaction IBM Common Stock Tax liability -$225K -1.69K -1.83% $133.01 91K 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 +14.3K $0.00 14.3K Feb 21, 2023 Common Stock 14.3K $0.00 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +85.8K $0.00 85.8K Feb 21, 2023 Common Stock 85.8K $133.00 Direct F2
transaction IBM Rst. Stock Unit Options Exercise $0 -3.38K -25% $0.00 10.1K Feb 21, 2023 Common Stock 3.38K $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 3,574 of these units on February 21, 2024, 3,575 of these units on February 21, 2025, 3,575 of these units on February 21, 2026, and 3,575 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.