IBM (NYSE: IBM) director defers fees into 356 Promised Fee Shares

Rhea-AI Filing Summary

VOSER PETER R. reported acquisition or exercise transactions in this Form 4 filing.

INTERNATIONAL BUSINESS MACHINES CORP director Peter R. Voser received a grant of 356 Promised Fee Shares on June 30, 2026 under the IBM Board of Directors Deferred Compensation and Equity Award Plan. These represent deferred board fees, not an open-market purchase.

The Promised Fee Shares are linked to IBM common stock and are scheduled to be paid out in company stock or cash after retirement, according to the plan’s terms. Following this award, Voser’s directly held position reported in this filing totals 32,600 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider VOSER PETER R.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	356	$281.21	$100K

Holdings After Transaction: Promised Fee Share — 32,600 shares (Direct, null)

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: 356 shares Reference price per Promised Fee Share: $281.21 per share Total shares after transaction: 32,600 shares

3 metrics

Promised Fee Shares granted 356 shares Grant under IBM Board of Directors Deferred Compensation and Equity Award Plan on June 30, 2026

Reference price per Promised Fee Share $281.21 per share Transaction price per share reported for Promised Fee Shares

Total shares after transaction 32,600 shares Peter R. Voser direct holdings following the Promised Fee Share award

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, grant/award acquisition

3 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 acquisition financial

"transaction_action: grant/award acquisition for 356.0000 Promised Fee Shares"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:13 PM Accepted by SEC EDGAR 07/02/2026 - 04:12 PM Learn about SEC filing dates

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)
06/30/2026

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)	06/30/2026		A(2)		356		(3)	(3)	Common Stock	356	$281.21	32,600	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	07/02/2026
	** 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 356 Promised Fee Shares as deferred board compensation. These units track IBM common stock and are awarded under the IBM Board of Directors Deferred Compensation and Equity Award Plan, increasing his reported direct holdings to 32,600 shares.

Is the IBM Form 4 transaction a stock purchase or sale by Peter R. Voser?

The Form 4 shows an acquisition as a grant of 356 Promised Fee Shares, not an open-market stock purchase or sale. The award represents deferred fees under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, to be settled after retirement.

How many Promised Fee Shares did Peter R. Voser receive from IBM?

Peter R. Voser received 356 Promised Fee Shares tied to IBM common stock. These units reflect deferred board fees, recorded at a reference value of $281.21 per share in the Form 4, and are scheduled for distribution after his retirement under the plan’s terms.

What are Promised Fee Shares in IBM’s director compensation plan?

Promised Fee Shares are units under IBM’s Board of Directors Deferred Compensation and Equity Award Plan that track IBM common stock. Directors can defer fees into these units, which are later paid out in company stock or cash after retirement, aligning compensation with shareholder value.

When will Peter R. Voser receive the IBM Promised Fee Shares reported?

The filing states that distribution of Promised Fee Shares is deferred until retirement. This means Peter R. Voser’s 356 Promised Fee Shares will be paid out in IBM common stock or cash only after he retires from the board, following the plan’s rules.