ARVIND KRISHNA - 21 Feb 2023 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Chairman and CEO, Director
Signature
D. Glowienka on behalf of A. Krishna
Issuer symbol
IBM
Transactions as of
21 Feb 2023
Net transactions value
-$342,754
Form type
4
Filing time
23 Feb 2023, 16:11:45 UTC
Previous filing
13 Feb 2023
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +5,163 +1.9% $0.000000 281,214 21 Feb 2023 Direct
transaction IBM Common Stock Tax liability $342,754 -2,577 -0.92% $133.00 278,637 21 Feb 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 +24,492 $0.000000 24,492 21 Feb 2023 Common Stock 24,492 $0.000000 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +146,923 $0.000000 146,923 21 Feb 2023 Common Stock 146,923 $133.00 Direct F2
transaction IBM Rst. Stock Unit Options Exercise $0 -5,163 -25% $0.000000 15,492 21 Feb 2023 Common Stock 5,163 $0.000000 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 6,123 of these units on February 21, 2024, 6,123 of these units on February 21, 2025, 6,123 of these units on February 21, 2026, and 6,123 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.