IBM Director Alfred W. Zollar Receives 415 Share Award

What Happened
Alfred W. Zollar, a director of International Business Machines Corp. (IBM), received an award of 415 Promised Fee Shares on 2026-09-30. The derivative award is valued at $219.93 per share, totaling $91,271. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (timely filing).
• Amount: 415 shares at $219.93 per share; total value $91,271.
• Transaction type: A — Grant/award (derivative interest in Promised Fee Shares under IBM’s Board of Directors Deferred Compensation and Equity Award Plan).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1–F3 indicate these are Promised Fee Shares tied to deferred director fees and distributions are deferred until retirement; payout may be in company common stock or cash.

Context
This award reflects deferred compensation for board service rather than a purchase indicating a market bet. For retail investors, awards like this are common compensation events for non-employee directors and do not by themselves signal a change in insider sentiment.