IBM Director David N. Farr Receives 268-Share Award

What Happened

• David N. Farr, a director of International Business Machines Corp. (IBM), was granted/received 268 Promised Fee Shares on 2026-09-30. The award is recorded at a price of $219.93 per share for a total value of $58,941. The filing classifies the transaction as an award/acquisition (code A) and as a derivative holding.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (Form 4) — appears timely under typical 2-business-day rules.
• Shares/price/value: 268 shares at $219.93; total value $58,941.
• Transaction type: Award/Grant (A); reported as a derivative.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1–F3 indicate these are "Promised Fee Shares" under the IBM Board of Directors Deferred Compensation and Equity Award Plan. Payment/distribution is deferred until the director's retirement and may be settled in IBM common stock or cash; the grant reflects a deferral of fees into the plan.
• No 10b5-1, tax-withholding sale, or late-filing flags noted.

Context

• This was a director compensation award (deferred shares), not an open-market buy or sale. Such grants are routine for board members and reflect compensation deferral rather than immediate trading activity. Because distribution is deferred until retirement, these shares are not necessarily available for near-term sale.