IBM Director Ramon Laguarta Receives 415-Share Award

What Happened Ramon Laguarta, a director of International Business Machines Corp. (IBM), was granted 415 Promised Fee Shares on 2026-09-30 at a per-share valuation of $219.93, representing $91,271 in value. The transaction is coded as an award/grant (A) and is reported as a derivative transaction—these are Promised Fee Shares tied to IBM’s Board of Directors Deferred Compensation and Equity Award Plan, not an immediate open-market purchase.

Key Details

• Transaction date: 2026-09-30; Filed: 2026-10-01 (Form 4 accession 0001630253-26-000005). Period of report: 2026-09-30.
• Shares granted: 415 shares at $219.93 per share; total value reported $91,271.
• Transaction type: Award/Grant (A); recorded as a derivative.
• Footnotes: F1–F3 indicate these are Promised Fee Shares under IBM’s director deferred compensation plan — fees are deferred into promised shares and distribution is delayed until the director’s retirement; payout may be in stock or cash.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing shows a 2026-10-01 file date for a 2026-09-30 transaction; no late-filing flag is indicated.

Context This grant reflects deferred board compensation, not a market purchase or sale. Promised Fee Shares are typically bookkeeping credits that convert to stock or cash upon retirement per the plan terms, so they do not necessarily signal immediate insider buying or selling interest. As a derivative award, the economic effect and timing depend on the plan’s payout rules.