IBM (NYSE: IBM) director Ramon Laguarta granted 325 deferred Promised Fee Shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Laguarta Ramon reported acquisition or exercise transactions in this Form 4 filing.

INTERNATIONAL BUSINESS MACHINES CORP director Ramon Laguarta received a compensation-related equity award rather than trading shares on the market. He was granted 325 Promised Fee Shares tied to IBM common stock under the IBM Board of Directors Deferred Compensation and Equity Award Plan, increasing his holdings under this plan to 451 shares. These Promised Fee Shares represent deferred board fees and will be paid out in IBM common stock or cash after retirement, with distribution under the plan deferred until that time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Laguarta Ramon

Role null

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

Holdings After Transaction: Promised Fee Share — 451 shares (Direct, null)

Footnotes (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: 325 shares Price reference per share: $281.21 per share Promised Fee Shares after transaction: 451 shares +1 more

4 metrics

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

Price reference per share $281.21 per share Promised Fee Share transaction value reference

Promised Fee Shares after transaction 451 shares Total Promised Fee Shares following transaction

Underlying security 325 common shares Underlying IBM common stock for Promised Fee Shares

Key Terms

Promised Fee Shares, IBM Board of Directors Deferred Compensation and Equity Award Plan, Common Stock

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"

IBM Board of Directors Deferred Compensation and Equity Award Plan financial

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

Common Stock financial

"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"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:14 PM Accepted by SEC EDGAR 07/02/2026 - 04:13 PM

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^*

Laguarta Ramon

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Promised Fee Share	$0.00⁽¹⁾	06/30/2026		A⁽²⁾		325		⁽³⁾	⁽³⁾	Common Stock	325	$281.21	451	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 R. Laguarta	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did IBM director Ramon Laguarta report on this Form 4 for IBM?

Ramon Laguarta reported receiving 325 Promised Fee Shares as compensation under IBM’s Board of Directors Deferred Compensation and Equity Award Plan. These shares are deferred fee units linked to IBM common stock, not an open-market purchase or sale, and are paid out after retirement.

How many IBM Promised Fee Shares does Ramon Laguarta hold after this Form 4 transaction?

After the award of 325 Promised Fee Shares, Ramon Laguarta holds 451 Promised Fee Shares under IBM’s plan. These amounts reflect deferred director fees that will be settled in IBM common stock or cash, with distribution deferred until his retirement from the board.

Was the IBM Form 4 transaction by Ramon Laguarta a market buy or sell of IBM stock?

The transaction was not a market buy or sell. It was a grant of 325 Promised Fee Shares as deferred compensation under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, with payout in IBM common stock or cash after retirement, rather than immediate stock trading.

What are Promised Fee Shares in IBM’s Board of Directors Deferred Compensation and Equity Award Plan?

Promised Fee Shares are deferred director fee units tied to IBM common stock under its Board of Directors Deferred Compensation and Equity Award Plan. They are paid out in IBM common stock or cash after retirement, and distributions of these Promised Fee Shares are deferred until that retirement date.

When will Ramon Laguarta receive the IBM shares or cash from these Promised Fee Shares?

The footnotes state that Promised Fee Shares are paid out after retirement in IBM common stock or cash. Distribution under the IBM Board of Directors Deferred Compensation and Equity Award Plan is specifically deferred until retirement, so no payout occurs before he retires from the board.