IBM director granted 209 deferred Promised Fee Shares

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

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 reported a routine compensation-related transaction involving deferred director fees. She received an award of 209 Promised Fee Shares on 2026-06-30 under the IBM Board of Directors Deferred Compensation and Equity Award Plan, at a reference price of $281.21 per share. These Promised Fee Shares are tied to IBM common stock and are paid out after retirement in either common stock or cash, with distribution deferred until retirement. Following this grant, Pollack directly holds 17,506 shares associated with these arrangements.

Insider Trade Summary

Grant/Award: 209 shares

Grant/Award 1 txn

Insider Pollack Martha E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	209	$281.21	$59K

Holdings After Transaction: Promised Fee Share — 17,506 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: 209 shares Reference price per share: $281.21 per share Holdings after transaction: 17,506 shares +1 more

4 metrics

Promised Fee Shares granted 209 shares Grant of Promised Fee Shares on June 30, 2026

Reference price per share $281.21 per share Transaction price per Promised Fee Share

Holdings after transaction 17,506 shares Total direct holdings following grant

Transaction code A (Grant, award, or other acquisition) Indicates compensation-related acquisition, not open-market trade

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, Grant, award, or other acquisition, underlying security title

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"

Grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

underlying security title financial

"underlying_security_title: Common Stock"

FAQ

What did IBM director Martha E. Pollack report in this Form 4 filing for IBM?

Martha E. Pollack reported receiving 209 Promised Fee Shares as compensation under IBM’s Board of Directors Deferred Compensation and Equity Award Plan. These shares represent deferred fees linked to IBM common stock, rather than an open-market stock purchase or sale.

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

Promised Fee Shares are deferred compensation units for IBM directors under the Board’s Deferred Compensation and Equity Award Plan. They are linked to IBM common stock and are ultimately paid out in common stock or cash after a director retires from the board.

When will Martha E. Pollack receive the Promised Fee Shares reported for IBM?

Distribution of Martha E. Pollack’s Promised Fee Shares is deferred until her retirement from the IBM board. At that time, these deferred units will be paid out in either IBM common stock or cash, as provided under the plan’s terms.

How many Promised Fee Shares did IBM director Martha E. Pollack acquire in this transaction?

Martha E. Pollack acquired 209 Promised Fee Shares in this transaction, with each unit tied to IBM common stock under the Board of Directors Deferred Compensation and Equity Award Plan. This reflects the deferral of board fees into equity-linked units.

Does the IBM Form 4 show open-market buying or selling by Martha E. Pollack?

No. The Form 4 shows a grant classified as a “Grant, award, or other acquisition” of 209 Promised Fee Shares. It reflects deferred director compensation rather than an open-market purchase or sale of IBM common stock.

What are Martha E. Pollack’s IBM-related holdings after this Promised Fee Share grant?

After this grant, Martha E. Pollack’s direct holdings tied to these arrangements total 17,506 shares. This figure, reported in the Form 4, reflects her position after including the 209 newly awarded Promised Fee Shares.

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Accepted by SEC EDGAR 07/02/2026 - 04:11 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^*

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)
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)		209		(3)	(3)	Common Stock	209	$281.21	17,506	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	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)