Laguarta Ramon 4

What Happened Ramon Laguarta, a member of IBM's Board of Directors, was granted 325 Promised Fee Shares on 2026-06-30 valued at $281.21 each, a total of approximately $91,393. The transaction is reported as a derivative award (transaction code A) under IBM’s director deferred compensation and equity award plan. This is an award of deferred compensation, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-30; 325 shares at $281.21 per share (total ~$91,393).
• Transaction type: Award/Grant of Promised Fee Shares (derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• 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 retirement (paid in stock or cash).
• Timeliness: Filing dated 2026-07-02 for a 2026-06-30 grant — appears timely (no late filing indicated).

Context This award represents deferred director compensation that vests or is distributed upon retirement per the plan terms; such grants are routine for non-employee directors and do not, by themselves, indicate a buy/sell signal about the company’s near-term prospects.