IBM (NYSE: IBM) director Alfred W. Zollar receives 377 Promised Fee Shares grant

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP director Alfred W. Zollar received a compensation-related share award. On this Form 4, he acquired 377 Promised Fee Shares as a grant under the IBM Board of Directors Deferred Compensation and Equity Award Plan at a referenced value of $242.39 per share.

Each Promised Fee Share corresponds to 1 share of IBM common stock, and distributions are deferred until retirement, when they are paid in common stock or cash under the plan’s terms. Following this award, Zollar directly holds 9,557 shares of IBM common stock, reflecting his total direct position reported in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ZOLLAR ALFRED W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Promised Fee Share	377	$242.39	$91K

Holdings After Transaction: Promised Fee Share — 9,557 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: 377 shares Reference value per share: $242.39 per share Shares held after transaction: 9,557 shares +1 more

4 metrics

Promised Fee Shares granted 377 shares Grant under IBM Board of Directors Deferred Compensation and Equity Award Plan

Reference value per share $242.39 per share Transaction price per Promised Fee Share on grant date

Shares held after transaction 9,557 shares Total IBM common stock directly owned after award

Conversion or exercise price $0.00 Conversion price for Promised Fee Shares into IBM common stock

Key Terms

Promised Fee Shares, Deferred Compensation and Equity Award Plan, grant/award acquisition

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"

Deferred Compensation and Equity Award Plan financial

"under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement"

grant/award acquisition financial

"transaction_action: grant/award acquisition for 377 Promised Fee Shares"

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^*

ZOLLAR ALFRED W

(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)
03/31/2026

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)	03/31/2026		A(2)		377		(3)	(3)	Common Stock	377	$242.39	9,557	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 A. W. Zollar	04/01/2026
	** 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)

FAQ

What did IBM director Alfred W. Zollar report in this Form 4 for IBM?

Alfred W. Zollar reported receiving 377 Promised Fee Shares as a grant under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, tied to a value of $242.39 per share, increasing his directly held IBM common stock position to 9,557 shares.

Are Alfred W. Zollar’s IBM Promised Fee Shares an open-market purchase or sale?

The 377 Promised Fee Shares for Alfred W. Zollar are a grant under IBM’s deferred compensation plan, not an open-market purchase or sale. They represent fees deferred into share-based units rather than a discretionary trade in IBM common stock.

How many IBM shares does Alfred W. Zollar hold after this Form 4 transaction for IBM?

After this grant of 377 Promised Fee Shares, Alfred W. Zollar directly holds 9,557 shares of IBM common stock. This total share amount is reported in the filing as his direct ownership following the award under the deferred compensation and equity plan.

What are IBM Promised Fee Shares reported in Alfred W. Zollar’s Form 4?

Promised Fee Shares are units under IBM’s Board of Directors Deferred Compensation and Equity Award Plan. They represent deferred board fees, paid out after retirement in IBM common stock or cash, with each unit corresponding to an equivalent number of IBM common shares.

When will Alfred W. Zollar’s IBM Promised Fee Shares be distributed?

According to the filing, distribution of Promised Fee Shares under IBM’s Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement. At that time, the units are settled in IBM common stock or cash based on the plan’s terms.

Does this IBM Form 4 show any IBM shares being sold by Alfred W. Zollar?

This Form 4 for IBM does not report any sales. It shows Alfred W. Zollar acquiring 377 Promised Fee Shares as a grant or award of deferred fees, increasing his total directly held IBM common shares to 9,557 following the transaction.