Laguarta Ramon 4

What Happened

• Ramon Laguarta, a director of International Business Machines Corp. (IBM), was granted 126 shares as an award/other acquisition (code A) on 2026-03-31. The reported per-share value was $242.39, for a total reported value of $30,541. The transaction is reported as a derivative award tied to IBM’s board deferred compensation plan.

Key Details

• Transaction date: 2026-03-31; Form filed: 2026-04-01 (filed within the usual Form 4 window).
• Transaction type: Award/other acquisition (derivative grant); 126 shares @ $242.39 = $30,541.
• Shares owned after transaction: not stated in the provided report.
• 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 shares and distribution is deferred until the director’s retirement (or paid in cash per plan terms).

Context

• This appears to be routine director compensation deferred into stock rather than an open-market purchase or sale, so it should not be read as a direct bullish or bearish signal on short-term stock outlook. The award is deferred compensation (derivative/form of promised shares) and will be distributed per plan terms, typically at retirement.