IBM (NYSE: IBM) director defers fees into 413 promised shares

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP director Peter R. Voser received a compensation-related award of 413 Promised Fee Shares on March 31, 2026. These represent deferred board fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan and are tied to IBM common stock.

The Promised Fee Shares were valued at $242.39 per share for reporting purposes and carry a $0.00 exercise price. Payout of these deferred awards occurs after retirement in IBM common stock or cash. Following this grant, Voser directly holds 32,045 shares linked to IBM common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider VOSER PETER R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	413	$242.39	$100K

Holdings After Transaction: Promised Fee Share — 32,045 shares (Direct)

Footnotes (1)

1. Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash. Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan. Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Key Figures

Promised Fee Shares granted: 413 shares Reference price per Promised Fee Share: $242.39 per share Exercise price: $0.00 +3 more

6 metrics

Promised Fee Shares granted 413 shares Board fee award on March 31, 2026

Reference price per Promised Fee Share $242.39 per share Value used for deferred compensation award

Exercise price $0.00 No cash exercise cost for Promised Fee Shares

Total shares after transaction 32,045 shares Director’s direct holdings following the award

Transaction code A Grant, award, or other acquisition

Transaction direction acquire Compensation-related acquisition of derivative-linked shares

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, Grant, award, or other acquisition, Form 4

4 terms

Promised Fee Shares financial

"Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement"

Deferred Compensation and Equity Award Plan financial

"under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement"

Grant, award, or other acquisition regulatory

"transaction_code_description: Grant, award, or other acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VOSER PETER R.

(Last) (First) (Middle)

C/O SECRETARY'S OFFICE, IBM CORPORATION

ONE NEW ORCHARD ROAD

(Street)

ARMONK NEW YORK 10504

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [ IBM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Promised Fee Share	$0.00(1)	03/31/2026		A(2)		413		(3)	(3)	Common Stock	413	$242.39	32,045	D

Explanation of Responses:

1. Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

2. Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

3. Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Remarks:

	L. Mallardi on behalf of P. R. Voser	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did IBM director Peter R. Voser report in this Form 4 for IBM?

Peter R. Voser reported receiving an award of 413 Promised Fee Shares as deferred board compensation. These Promised Fee Shares are linked to IBM common stock and are part of the IBM Board of Directors Deferred Compensation and Equity Award Plan, rather than an open-market stock purchase.

How are the 413 Promised Fee Shares for IBM valued in this filing?

The 413 Promised Fee Shares are reported at a value of $242.39 per share, with a $0.00 exercise price. This reflects the reference price used for the deferred fee award and indicates no cash exercise cost to the director for this compensation-related grant.

When will Peter R. Voser receive the IBM shares or cash from these Promised Fee Shares?

According to the plan description, Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement. At that time, they are settled in IBM common stock or cash, consistent with the plan’s deferred compensation structure.

How many IBM-related shares does Peter R. Voser hold after this Form 4 transaction?

After this transaction, Peter R. Voser is shown as directly holding 32,045 shares tied to IBM common stock. This total includes the additional 413 Promised Fee Shares reported in the filing, reflecting his updated post-transaction board-related equity position.

Is this IBM Form 4 transaction a market buy or a compensation award?

This Form 4 reports a compensation award, not a market purchase. The transaction code is “A” for a grant or award, and the footnotes explain that the 413 Promised Fee Shares represent deferred board fees under IBM’s Board of Directors Deferred Compensation and Equity Award Plan.