IBM director granted 325 deferred fee shares

ZOLLAR ALFRED W reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

ZOLLAR ALFRED W reported acquisition or exercise transactions in this Form 4 filing.

INTERNATIONAL BUSINESS MACHINES CORP director Alfred W. Zollar received 325 Promised Fee Shares as compensation. The grant is a deferred fee award under the IBM Board of Directors Deferred Compensation and Equity Award Plan, linked to an underlying 325 shares of common stock at a reference price of $281.21 per share. These Promised Fee Shares are paid out after retirement in IBM common stock or cash, and distribution is deferred until retirement. Following this award, Zollar’s reported direct holdings tied to this plan total 9,940 Promised Fee Shares, reflecting routine board compensation rather than an open-market stock purchase.

Insider Trade Summary

Grant/Award: 325 shares

Grant/Award 1 txn

Insider ZOLLAR ALFRED W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	325	$281.21	$91K

Holdings After Transaction: Promised Fee Share — 9,940 contracts (Direct)

Footnotes (3)

1. F1. 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. F2. Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.
3. F3. 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: 325 shares Reference price per share: $281.21 per share Holdings after transaction: 9,940 Promised Fee Shares +2 more

5 metrics

Promised Fee Shares granted 325 shares Grant/award acquisition on 2026-06-30

Reference price per share $281.21 per share Value used for the 325 Promised Fee Shares

Holdings after transaction 9,940 Promised Fee Shares Total reported following this deferred fee grant

Underlying common stock 325 shares Underlying IBM common stock for this Promised Fee Share grant

Exercise/conversion price $0.00 Promised Fee Shares under deferred compensation plan

Key Terms

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

"transaction_action": "grant/award 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.

FAQ

What did IBM director Alfred W. Zollar report in this Form 4 for IBM?

Alfred W. Zollar reported receiving 325 Promised Fee Shares as a compensation grant. These awards are part of IBM’s Board of Directors Deferred Compensation and Equity Award Plan and are linked to 325 underlying shares of IBM common stock.

Is Alfred W. Zollar buying or selling IBM stock in this Form 4 filing?

Zollar is not buying or selling IBM stock on the open market. He received 325 Promised Fee Shares as a grant under IBM’s deferred compensation plan, a routine board compensation mechanism rather than a discretionary market transaction.

What are Promised Fee Shares in the context of IBM (IBM) board compensation?

Promised Fee Shares represent deferred director fees credited under IBM’s Board of Directors Deferred Compensation and Equity Award Plan. They are ultimately paid out after retirement in IBM common stock or cash, rather than as immediate cash compensation.

When will Alfred W. Zollar receive the IBM Promised Fee Shares reported here?

Distribution of the Promised Fee Shares is deferred until retirement. Under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, these deferred fee awards are paid out after a director retires, in IBM common stock or cash.

How many IBM-related Promised Fee Shares does Alfred W. Zollar hold after this transaction?

After this transaction, Zollar’s reported holdings in Promised Fee Shares total 9,940. This figure reflects his accumulated deferred fee awards under IBM’s Board of Directors Deferred Compensation and Equity Award Plan as disclosed in the Form 4.

What is the reference price for Alfred W. Zollar’s new IBM Promised Fee Share grant?

The 325 Promised Fee Shares are linked to an underlying 325 IBM common shares at a reference price of $281.21 per share. This price is used in the Form 4 disclosure for valuation of the compensation award.

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Accepted by SEC EDGAR 07/02/2026 - 04:13 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^*

ZOLLAR ALFRED W

(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)		325		(3)	(3)	Common Stock	325	$281.21	9,940	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 A. W. Zollar	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)