James J. Kavanaugh - 21 Feb 2024 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Sr. VP and CFO
Signature
L. Mallardi on behalf of J. J. Kavanaugh
Issuer symbol
IBM
Transactions as of
21 Feb 2024
Net transactions value
-$630,332
Form type
4
Filing time
23 Feb 2024, 17:27:36 UTC
Previous filing
12 Feb 2024
Next filing
10 May 2024
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 +3,380 +2.9% $0.000000 118,657 21 Feb 2024 Direct
transaction IBM Common Stock Tax liability $306,394 -1,694 -1.4% $180.87 116,963 21 Feb 2024 Direct
transaction IBM Common Stock Options Exercise $0 +3,574 +3.1% $0.000000 120,537 21 Feb 2024 Direct
transaction IBM Common Stock Tax liability $323,938 -1,791 -1.5% $180.87 118,746 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 +11,508 $0.000000 11,508 21 Feb 2024 Common Stock 11,508 $0.000000 Direct F1
transaction IBM Emp. Stock Option (right to buy) Award $0 +57,538 $0.000000 57,538 21 Feb 2024 Common Stock 57,538 $180.87 Direct F2
transaction IBM Rst. Stock Unit Options Exercise $0 -3,380 -33% $0.000000 6,760 21 Feb 2024 Common Stock 3,380 $0.000000 Direct F3, F4
transaction IBM Rst. Stock Unit Options Exercise $0 -3,574 -25% $0.000000 10,725 21 Feb 2024 Common Stock 3,574 $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 2,877 of these units on February 21, 2025, 2,877 of these units on February 21, 2026, 2,877 of these units on February 21, 2027, and 2,877 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.