IBM Director Peter R. Voser Receives 455 Shares

What Happened

• Peter R. Voser, a director of International Business Machines Corp. (IBM), received an award of 455 Promised Fee Shares on 2026-09-30.
• The award is reported as a derivative acquisition (code A) at an imputed price of $219.93 per share, for a total value of $100,068. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-09-30; 455 shares × $219.93 = $100,068.
• Transaction type/code: Grant/Award (A); reported as a derivative transaction.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1–F3 indicate these are "Promised Fee Shares" under the IBM Board of Directors Deferred Compensation and Equity Award Plan — fees are deferred into Promised Fee Shares and distribution is deferred until the director's retirement; payout may be in common stock or cash.
• Timeliness: Filed 2026-10-01 for a 2026-09-30 transaction (no late filing indicated).

Context

• These Promised Fee Shares reflect deferred director compensation and are routinely granted under IBM’s board deferred compensation plan. Because distribution is deferred until retirement (and may be paid in stock or cash), this award is a compensation event rather than an immediate market purchase or sale and should not be interpreted on its own as a signal of insider sentiment.