IBM (NYSE: IBM) CEO boosts phantom stock stake by 8,376 units

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP (IBM) reported that Chairman, President & CEO Arvind Krishna acquired 8,375.5601 phantom stock units on 2026-08-27 in a discretionary transaction under Rule 16b-3(f). These units, held directly, are credited under the IBM Excess Savings Plan and bring his reported phantom stock balance to 28,447.4670 units. Each phantom stock unit converts on a one-for-one basis into the cash value of IBM common stock, with distribution deferred until separation from the company, and may be transferred into an alternative investment account under the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KRISHNA ARVIND

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Discretionary	Phantom Stock F1, F2, F3	8,375.5601	$238.79	$2.00M

Holdings After Transaction: Phantom Stock — 28,447.467 shares (Direct)

Footnotes (3)

1. F1. Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
2. F2. Acquisition of phantom stock units under the IBM Excess Savings Plan.
3. F3. Distribution of phantom stock units under the IBM Excess Savings Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.

Key Figures

Phantom stock units acquired: 8,375.5601 units Price per phantom stock unit reference value: $238.7900 Phantom stock units following transaction: 28,447.4670 units +1 more

4 metrics

Phantom stock units acquired 8,375.5601 units Discretionary transaction on 2026-08-27 under Rule 16b-3(f)

Price per phantom stock unit reference value $238.7900 Reported transaction price per unit for the 2026-08-27 acquisition

Phantom stock units following transaction 28,447.4670 units Total phantom stock units held directly after the reported acquisition

Conversion or exercise price $0.0000 Phantom stock units convert to cash value of IBM common stock on a one-for-one basis

Key Terms

Phantom stock, IBM Excess Savings Plan, Rule 16b-3(f)

3 terms

Phantom stock financial

"Phantom stock units convert to the cash value of the company's common stock"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

IBM Excess Savings Plan financial

"Acquisition of phantom stock units under the IBM Excess Savings Plan"

Rule 16b-3(f) regulatory

"Discretionary transaction under Rule 16b-3(f)"

FAQ

What transaction did IBM (IBM) CEO Arvind Krishna report on this Form 4?

Arvind Krishna reported acquiring 8,375.5601 phantom stock units on 2026-08-27 in a discretionary transaction under Rule 16b-3(f), credited under the IBM Excess Savings Plan and tied to the value of IBM common stock.

How many IBM (IBM) phantom stock units does Arvind Krishna hold after this transaction?

After the reported acquisition, Arvind Krishna holds 28,447.4670 phantom stock units directly. These units are accounted for under the IBM Excess Savings Plan and track the value of IBM common stock on a one-for-one basis in cash terms.

What is the nature of the phantom stock units reported by IBM (IBM) CEO Arvind Krishna?

The reported phantom stock units convert to the cash value of IBM common stock on a one-for-one basis. They are bookkeeping units under the IBM Excess Savings Plan, not actual shares, and distribution is deferred until Arvind Krishna’s separation from the company.

When will Arvind Krishna receive payment for the IBM (IBM) phantom stock units?

Distribution of the phantom stock units is deferred until separation from IBM. Under the IBM Excess Savings Plan, the reporting person may also transfer these phantom stock units into an alternative investment account before that time.

Was the IBM (IBM) phantom stock transaction by Arvind Krishna made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not affirmatively checked for a plan, and the footnotes describe the transaction as an acquisition under the IBM Excess Savings Plan and a discretionary transaction under Rule 16b-3(f), without identifying a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/28/2026 - 04:27 PM Accepted by SEC EDGAR 08/28/2026 - 04:26 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^*

KRISHNA ARVIND

(Last) (First) (Middle)

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
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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
Phantom Stock	$0.00(1)	08/27/2026		I(2)		8,375.5601		(3)	(3)	Common Stock	8,375.5601	$238.79	28,447.467	D

Explanation of Responses:

1. Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

2. Acquisition of phantom stock units under the IBM Excess Savings Plan.

3. Distribution of phantom stock units under the IBM Excess Savings Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.

Remarks:

	L. Mallardi on behalf of A. Krishna	08/28/2026
	** 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)