KELLY JOHN E III 4
4 · INTERNATIONAL BUSINESS MACHINES CORP · Filed Aug 11, 2020
Insider Transaction Report
Form 4
KELLY JOHN E III
Senior Vice President
Transactions
- Award
Phantom Stock Unit
2020-08-07+205→ 15,880 totalExercise: $0.00→ Common Stock (205 underlying)
Footnotes (3)
- [F1]Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
- [F2]Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.
- [F3]Distribution of phantom stock units under the IBM Excess 401(k) Plus Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.