FARR DAVID N 4

What Happened

• David N. Farr, a director of International Business Machines Corp. (IBM), was granted 209 Promised Fee Shares on 2026-06-30. The award is recorded at $281.21 per share for a total value of $58,773. This transaction is an award/acquisition (code A) of derivative Promised Fee Shares rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Security: Promised Fee Shares (derivative award) — 209 shares at $281.21 per share; total value $58,773.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1–F3 indicate these are Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan; distribution is deferred until retirement and may be paid in stock or cash; the award reflects deferral of director fees.
• Transaction code: A = Grant/Award (derivative).

Context

• This is a deferred compensation award for a director, a routine non‑market transaction that doesn’t reflect an immediate buy/sell decision. Because distribution is deferred until retirement, the shares are not immediately liquid and do not signal an immediate trading intent.