Robert David Thomas - 11 Feb 2024 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Signature
L. Mallardi on behalf of Robert Thomas
Issuer symbol
IBM
Transactions as of
11 Feb 2024
Net transactions value
-$1,919,338
Form type
4
Filing time
13 Feb 2024, 16:17:06 UTC
Previous filing
12 Feb 2024
Next filing
23 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +22,068 +49% $0.000000 66,980 11 Feb 2024 Direct
transaction IBM Common Stock Tax liability $1,919,338 -10,346 -15% $185.52 56,634 11 Feb 2024 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 Options Exercise $0 -22,068 -60% $0.000000 14,714 11 Feb 2024 Common Stock 22,068 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 02/11/2020, the reporting person was granted 35,601 RSUs, 21,360 of which vested 02/11/24, and 14,241 of which will vest on 02/11/25. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.
F2 These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
F3 Release of restricted stock units.