IBM (NYSE: IBM) director awarded 341 promised fee shares in plan grant

Rhea-AI Filing Summary

Buberl Thomas reported acquisition or exercise transactions in this Form 4 filing.

INTERNATIONAL BUSINESS MACHINES CORP director Thomas Buberl received 341 Promised Fee Shares as a grant under the IBM Board of Directors Deferred Compensation and Equity Award Plan. These deferred fee awards are tied to IBM common stock and bring his holdings under this plan to 14,706 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Buberl Thomas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	341	$281.21	$96K

Holdings After Transaction: Promised Fee Share — 14,706 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: 341 shares Reference price per share: $281.21 per share Holdings after transaction: 14,706 shares +1 more

4 metrics

Promised Fee Shares granted 341 shares Grant/award acquisition on 2026-06-30

Reference price per share $281.21 per share Reported transaction price for Promised Fee Shares

Holdings after transaction 14,706 shares Total Promised Fee Shares following the award

Conversion or exercise price $0.00 Promised Fee Shares credited with no exercise price

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, Common Stock, Grant, award, or other acquisition

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 is deferred until retirement"

Common Stock financial

"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.

Grant, award, or other acquisition financial

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

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Available on EDGAR 07/02/2026 - 04:04 PM Accepted by SEC EDGAR 07/02/2026 - 04:04 PM Learn about SEC filing dates

FAQ

What insider transaction did IBM director Thomas Buberl report on this Form 4?

Thomas Buberl reported receiving 341 Promised Fee Shares as a grant. The award was made under the IBM Board of Directors Deferred Compensation and Equity Award Plan and represents deferred director fees linked to IBM common stock payable after retirement.

How many IBM shares does Thomas Buberl hold after this Promised Fee Share grant?

After the grant, Thomas Buberl holds 14,706 Promised Fee Shares tied to IBM common stock. These amounts are reported as directly owned and are part of the deferred compensation structure for IBM’s board of directors under the company’s established plan.

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

Promised Fee Shares are deferred director fees credited in share units linked to IBM common stock. According to the plan, they are paid out after retirement in either IBM common stock or cash, providing equity-based compensation without immediate share delivery.

When will Thomas Buberl receive the IBM shares or cash from these Promised Fee Shares?

Distribution of Promised Fee Shares is deferred until retirement under the IBM Board of Directors Deferred Compensation and Equity Award Plan. At that time, the value is paid out in IBM common stock or cash, based on the plan’s terms and company procedures.

Is Thomas Buberl’s Form 4 transaction an open-market purchase or a compensation award from IBM?

The filing shows a compensation-related award, not an open-market purchase. The transaction code “A” and description indicate a grant or award acquisition of 341 Promised Fee Shares as part of IBM’s Board of Directors Deferred Compensation and Equity Award Plan.

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^*

Buberl Thomas

(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)		341		(3)	(3)	Common Stock	341	$281.21	14,706	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 Thomas Buberl	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)