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IBM (NYSE: IBM) director reports 278 Promised Fee Shares and 15,940 total units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

International Business Machines Corp. director M. J. Howard reported a board fee deferral transaction dated 12/31/2025. Under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, Howard acquired 278 Promised Fee Shares, each linked to an equivalent amount of IBM common stock.

These Promised Fee Shares are paid out after retirement in either IBM common stock or cash, and distributions are deferred until that time. Following this transaction, Howard beneficially owned 15,940 derivative securities tied to IBM common stock on a direct basis.

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Insider HOWARD MICHELLE J
Role Director
Type Security Shares Price Value
Grant/Award Promised Fee Share 278 $296.21 $82K
Holdings After Transaction: Promised Fee Share — 15,940 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.
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*
HOWARD MICHELLE J
(Last) (First) (Middle)
C/O SECRETARY'S OFFICE, IBM CORPORATION
ONE NEW ORCHARD ROAD
(Street)
ARMONK NY 10504
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 12/31/2025 A(2) 278 (3) (3) Common Stock 278 $296.21 15,940 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 M. J. Howard 01/02/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did IBM director M. J. Howard report on this Form 4 for IBM?

IBM director M. J. Howard reported a transaction dated 12/31/2025 in which 278 Promised Fee Shares were acquired under the IBM Board of Directors Deferred Compensation and Equity Award Plan.

How many IBM Promised Fee Shares did the reporting person acquire in this filing for IBM?

The filing shows the acquisition of 278 Promised Fee Shares, each tied to an equivalent amount of IBM common stock.

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

Promised Fee Shares represent deferred board fees under IBMs plan. They are paid out after retirement in the companys common stock or cash, as described in the plan.

When will the IBM Promised Fee Shares reported by M. J. Howard be distributed?

The filing explains that distribution of Promised Fee Shares under IBMs Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

How many IBM derivative securities tied to common stock does the reporting person hold after this transaction?

After the reported transaction, the number of derivative securities beneficially owned by the reporting person is 15,940, held with direct ownership.

Is this IBM Form 4 filed by one reporting person or multiple insiders?

The document indicates that the Form 4 is filed by one reporting person, with the relationship to IBM listed as Director.