Gary D. Cohn - 21 Feb 2024 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Vice Chairman
Signature
L. Mallardi on behalf of G. D. Cohn
Issuer symbol
IBM
Transactions as of
21 Feb 2024
Net transactions value
-$533,566
Form type
4
Filing time
23 Feb 2024, 17:25:17 UTC
Previous filing
05 Feb 2024
Next filing
06 Jan 2025
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 +2,722 +4.3% $0.000000 65,949 21 Feb 2024 Direct
transaction IBM Common Stock Tax liability $272,390 -1,506 -2.3% $180.87 64,443 21 Feb 2024 Direct
transaction IBM Common Stock Options Exercise $0 +2,611 +4.1% $0.000000 67,054 21 Feb 2024 Direct
transaction IBM Common Stock Tax liability $261,176 -1,444 -2.2% $180.87 65,610 21 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 Award $0 +8,982 $0.000000 8,982 21 Feb 2024 Common Stock 8,982 $0.000000 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +44,908 $0.000000 44,908 21 Feb 2024 Common Stock 44,908 $180.87 Direct F2
transaction IBM Rst. Stock Unit Options Exercise $0 -2,722 -33% $0.000000 5,447 21 Feb 2024 Common Stock 2,722 $0.000000 Direct F3, F4
transaction IBM Rst. Stock Unit Options Exercise $0 -2,611 -25% $0.000000 7,835 21 Feb 2024 Common Stock 2,611 $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 2,245 of these units on February 21, 2025, 2,246 of these units on February 21, 2026, 2,245 of these units on February 21, 2027, and 2,246 of these units on February 21, 2028.
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.