IBM Director David Farr Acquires Promised Fee Shares in Deferred Compensation Plan

Overview

On October 1, 2026, International Business Machines Corp ($IBM) filed a Form 4 detailing an acquisition of Promised Fee Shares by Director David N. Farr.

Transaction Summary

• Insider: David N. Farr (Director)
• Transaction Date: September 30, 2026
• Security: Promised Fee Share (Underlying: IBM Common Stock)
• Transaction Code: A (Grant, award, or other acquisition)
• Quantity: 268.00 shares
• Price per Share: $219.93
• Total Transaction Value: $58,941.24
• Post-Transaction Holdings: 23,782.00 Promised Fee Shares

Plan and Terms

Under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan, directors may elect to defer their board fees into Promised Fee Shares. Distributions of these shares are payable in IBM common stock or cash following the director's retirement from the board.

Market and Trading Assessment

• Trading Significance: Low
• This transaction reflects a routine quarterly deferral of board retainer/meeting fees into phantom/promised equity units under an established deferred compensation plan.
• Because it is an automated or pre-elected fee conversion rather than an open-market discretionary purchase, it carries no direct directional signal for IBM stock performance.