KRISHNA ARVIND 4

What Happened

• Arvind Krishna, Chairman, President & CEO of International Business Machines Corp. (IBM), was granted two derivative awards on February 26, 2026 totaling 112,589 units: 22,518 units and 90,071 units. The grants were recorded at $0.00 per unit (no cash paid on grant), i.e., these are awards/derivative securities rather than an open-market purchase or sale.

Key Details

• Transaction date: February 26, 2026; Filing date: February 27, 2026 (file appears timely).
• Grant amounts and price: 22,518 units @ $0.00; 90,071 units @ $0.00. Combined total = 112,589 units, $0 cash at grant.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote F1 (applies to the 22,518-unit grant): these units are payable in cash or IBM common stock when restrictions lapse. Vesting lapses in four annual installments: 5,629 units on 2/26/2027; 5,630 on 2/26/2028; 5,629 on 2/26/2029; and 5,630 on 2/26/2030.
• Footnote F2 (applies to the 90,071-unit grant): these derivative securities vest in four equal annual installments, with the first installment vesting on the date shown as exercisable in the full filing; all expire on the expiration date noted in the full filing. (The excerpt did not show exercisable/expiration dates.)

Context

• These are awards/derivative grants (likely restricted stock units or similar) that vest over multiple years and are not immediate purchases or sales. They represent future economic interest contingent on vesting and, per F1, may be settled in cash or stock. Such awards are common for executive compensation and do not by themselves indicate a near-term change in share supply (unless/when vested units are settled or sold).