IBM CEO Arvind Krishna Acquires $2M in Phantom Stock

On August 27, 2026, Arvind Krishna, the Chairman, President, and CEO of IBM, acquired 8,375.56 units of Phantom Stock at $238.79 per unit, for a total transaction value of approximately $2.00 million. The transaction, coded as 'I', was an acquisition under the IBM Excess Savings Plan. Phantom stock units are derivative securities that convert to the cash value of IBM's common stock on a one-for-one basis, with distribution deferred until separation from the company. Following this transaction, Mr. Krishna's direct holdings in phantom stock increased to 28,447.467 units. While this is not an open-market purchase, the significant value of the acquisition demonstrates a continued alignment of the CEO's interests with those of shareholders through deferred compensation plans.