IBM Director Thomas Buberl Receives 444-Share Award

What Happened

• Thomas Buberl, a director of International Business Machines Corp. (IBM), was granted 444 shares as a derivative award (code A) on 2026-09-30. The filing reports an acquisition value of $219.93 per share, totaling approximately $97,649.
• This was an award of "Promised Fee Shares" under IBM’s Board of Directors Deferred Compensation and Equity Award Plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (Form 4 accession 0001738987-26-000004).
• Price reported: $219.93 per share; Total reported value: ~$97,649.
• Transaction type: A = Award/Grant (derivative acquisition of promised fee shares).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1–F3 indicate these are Promised Fee Shares under IBM’s board deferred compensation plan, fees were deferred into Promised Fee Shares, and distribution is deferred until the director’s retirement (paid in stock or cash).
• No 10b5-1 plan, immediate sale, or tax-withholding sale was indicated in the provided data.

Context

• Director awards under deferred compensation plans are common and typically represent compensation deferral rather than a market-timed purchase or sale. Because distribution is deferred until retirement, this award does not necessarily reflect an immediate bullish or bearish signal.
• This was a derivative award (promised shares), not an exercise of options or an open-market trade.