IBM Director Ramon Laguarta Receives 415 Promised Fee Shares via Director Compensation Plan
INTERNATIONAL BUSINESS MACHINES CORP
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Filing Summary
📋 Form 4 Filed for IBM Insider: Laguarta Ramon (Director) Action: Acquisition (Fee Deferral) Security: Promised Fee Share Shares: 415 @ $219.93 (~$91,270.95) Post-Transaction Holdings: 869 shares Significance: Low (Routine Director Compensation Deferral)
Comprehensive Analysis
Transaction Summary
On September 30, 2026, Ramon Laguarta, a member of the Board of Directors of International Business Machines Corp ($IBM), acquired 415 Promised Fee Shares at an implied price of $219.93 per share, totaling approximately $91,270.95.
Filing Breakdown
- Transaction Mechanism: The acquisition was executed pursuant to the IBM Board of Directors Deferred Compensation and Equity Award Plan. Under this plan, director cash fees are deferred into phantom stock units ("Promised Fee Shares"), which are payable in common stock or cash following retirement.
- Holdings Post-Transaction: Following the acquisition, Mr. Laguarta holds 869 Promised Fee Shares directly.
Market & Trading Significance
This transaction carries Low trading significance. It reflects standard quarterly director fee deferrals rather than an open-market, discretionary purchase or sale. While it demonstrates ongoing alignment with shareholder interests by taking compensation in equity-linked instruments, it provides no directional signal regarding IBM's operational performance or valuation.
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Important Disclaimer
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