IBM Director Michael Miebach Acquires Promised Fee Shares via Fee Deferral
INTERNATIONAL BUSINESS MACHINES CORP
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Filing Summary
📋 IBM | Insider Filing Alert
Director: Michael Miebach Transaction: Acquisition (Board Fee Deferral) Security: Promised Fee Share Shares: 415 @ $219.93 ($91,270.95) Post Holdings: 4,724 shares Date: 2026-09-30 Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Summary of Transaction
On September 30, 2026, International Business Machines Corp (IBM) Director Michael Miebach acquired 415 Promised Fee Shares at an implied price of $219.93 per share, representing a total value of approximately $91,270.95.
Transaction Details
- Security: Promised Fee Share (convertible into IBM Common Stock or cash after retirement)
- Transaction Code: 'A' (Grant, award, or other acquisition)
- Plan Details: Acquired pursuant to the deferral of director fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan.
- Holdings After Transaction: 4,724 Promised Fee Shares held directly.
Market Significance
This transaction represents a routine quarterly or periodic deferral of board compensation into equity-linked units rather than an open-market discretionary purchase or sale. Because it reflects standard director fee compensation rather than an active directional bet on the stock, it holds Low market signaling value.
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