New IBM Director Frank Baker Files Initial Form 3 Ownership Report

Executive Summary

On October 8, 2026, Frank Baker filed an initial statement of beneficial ownership on SEC Form 3 following his appointment as a Director of International Business Machines Corp ($IBM), effective October 1, 2026. The filing indicates that Mr. Baker currently holds no direct or indirect equity or derivative securities of the company.

Key Filing Details

• Reporting Person: Frank Baker
• Role: Director
• Event Date: October 1, 2026
• Securities Owned: 0 shares (explicitly marked under <noSecuritiesOwned>)
• Exhibits: Includes Exhibit 24 (Power of Attorney), dated September 1, 2026, granting signing authority to designated IBM corporate governance and legal personnel.

Market & Trading Implications

• Significance: Low. Form 3 filings of this nature are standard administrative requirements under Section 16(a) of the Securities Exchange Act of 1934 when a new director joins the board.
• Future Activity: Directors typically receive standard equity compensation grants (e.g., restricted stock units or deferred stock units) pursuant to IBM's non-employee director compensation program in upcoming Form 4 filings.