Buberl Thomas 4

What Happened Thomas Buberl, a director of International Business Machines Corp (IBM), received a grant of 341 Promised Fee Shares (reported as a derivative acquisition) on 2026-06-30. The grant is reported at $281.21 per share for a total value of $95,893. This was an award under IBM’s Board of Directors Deferred Compensation and Equity Award Plan—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-02.
• Transaction type: Award/Acquisition (derivative) — 341 shares at $281.21 each; total $95,893.
• Shares owned after transaction: Not reported on this Form 4.
• Footnotes: These are "Promised Fee Shares" under IBM’s Board Deferred Compensation and Equity Award Plan. Fees were deferred into these shares and their distribution is deferred until the director’s retirement; they may be paid in stock or cash.
• Timeliness: Filing date provided; no late-filing indication in the report.

Context Promised Fee Shares are deferred-compensation awards for board fees and are typically paid out after a director retires. Such grants are routine compensation for directors and do not represent a market purchase (which some investors view as a stronger signal). Because distribution is deferred until retirement, these shares are not immediately liquid.