Michelle H. Browdy - 08 Jun 2024 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Senior Vice President
Signature
L. Mallardi on behalf of M. Browdy
Issuer symbol
IBM
Transactions as of
08 Jun 2024
Net transactions value
-$537,811
Form type
4
Filing time
11 Jun 2024, 18:10:16 UTC
Previous 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 +3,231 +2.7% $0.000000 124,759 08 Jun 2024 Direct
transaction IBM Common Stock Tax liability $280,191 -1,651 -1.3% $169.71 123,108 08 Jun 2024 Direct
transaction IBM Common Stock Options Exercise $0 +2,972 +2.4% $0.000000 126,080 08 Jun 2024 Direct
transaction IBM Common Stock Tax liability $257,620 -1,518 -1.2% $169.71 124,562 08 Jun 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 -3,231 -100% $0.000000* 0 08 Jun 2024 Common Stock 3,231 $0.000000 Direct F1, F2, F3
transaction IBM Rst. Stock Unit Options Exercise $0 -2,972 -50% $0.000000 2,973 08 Jun 2024 Common Stock 2,972 $0.000000 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 06/08/20, the reporting person was granted 12,502 RSUs, 3,125 of which vested on 06/08/21, 3,125 of which vested on 06/08/22, 3,125 of which vested on 06/08/23, and 3,127 of which vested on 06/08/24. 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.
F4 On 06/08/21, the reporting person was granted 11,508 RSUs, 2,877 of which vested on 06/08/22, 2,877 of which vested on 06/08/23, 2,877 of which vested on 06/08/24, and 2,877 of which will vest on 06/08/25. 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.