J. Kavanaugh - Nov 12, 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
Stock symbol
IBM
Transactions as of
Nov 12, 2024
Transactions value $
$0
Form type
4
Date filed
11/13/2024, 04:07 PM
Previous filing
Aug 12, 2024

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 Phantom Stock Unit Award $0 +80 +0.79% $0.00 10.2K Nov 12, 2024 Common Stock 80 $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
F2 Acquisition of phantom stock units under the IBM Excess Savings Plan.
F3 Distribution of phantom stock units under the IBM Excess Savings Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.