IBM (NYSE: IBM) director defers board fees into 243 share units

Rhea-AI Filing Summary

Pollack Martha E reported acquisition or exercise transactions in this Form 4 filing.

INTERNATIONAL BUSINESS MACHINES CORP director Martha E. Pollack received a grant of 243 Promised Fee Shares on IBM common stock as part of board compensation. These shares represent deferred fees valued at $242.39 per share and increase her direct holdings to 17,190 shares.

Under the IBM Board of Directors Deferred Compensation and Equity Award Plan, these Promised Fee Shares are paid out in IBM common stock or cash, with distribution deferred until retirement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pollack Martha E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	243	$242.39	$59K

Holdings After Transaction: Promised Fee Share — 17,190 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: 243 shares Reference price per share: $242.39 per share Total shares after transaction: 17,190 shares +1 more

4 metrics

Promised Fee Shares granted 243 shares Grant, award, or other acquisition on March 31, 2026

Reference price per share $242.39 per share Value used for Promised Fee Shares grant

Total shares after transaction 17,190 shares Direct IBM common stock holdings following grant

Underlying security shares 243 shares IBM common stock underlying Promised Fee Shares

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, grant, award, or other acquisition, distribution ... deferred until retirement

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 are paid out after retirement"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

distribution ... deferred until retirement financial

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

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^*

Pollack Martha E

(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)		243		(3)	(3)	Common Stock	243	$242.39	17,190	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 M. E. Pollack	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 insider transaction did IBM (IBM) director Martha E. Pollack report?

Martha E. Pollack reported an acquisition of 243 Promised Fee Shares tied to IBM common stock. The award reflects deferred board fees under IBM’s Board of Directors Deferred Compensation and Equity Award Plan rather than an open-market purchase of shares.

How many IBM shares does Martha E. Pollack hold after this Form 4 transaction?

After the grant of 243 Promised Fee Shares, Martha E. Pollack’s direct holdings total 17,190 shares of IBM common stock. This figure includes the newly awarded shares and reflects her position following the reported compensation-related transaction.

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

Promised Fee Shares are deferred board fees credited in share units linked to IBM common stock. Under the IBM Board of Directors Deferred Compensation and Equity Award Plan, these are ultimately paid out after retirement in either the company’s common stock or cash.

When will Martha E. Pollack receive the IBM Promised Fee Shares reported on Form 4?

Distribution of Martha E. Pollack’s Promised Fee Shares is deferred until retirement. At that time, the IBM Board of Directors Deferred Compensation and Equity Award Plan allows payout in the company’s common stock or in cash, according to the plan’s terms.

Was the IBM Form 4 transaction an open-market buy or a compensation award?

The IBM Form 4 transaction reflects a compensation-related grant, not an open-market buy. Martha E. Pollack deferred board fees into 243 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan as a grant, award, or other acquisition.