LAMOREAUX NICKLE JACLYN 4

What Happened Jaclyn Lamoreaux, Senior Vice President of IBM, received two equity awards on February 26, 2026: 6,285 derivative units and 25,138 derivative units (total 31,423 units). Both awards were reported as acquisitions at $0.00 (these are compensation grants, not purchases), so there was no cash outlay reported at grant.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (filed promptly the next day).
• Award amounts and price: 6,285 units @ $0.00 and 25,138 units @ $0.00 (derivative awards — no immediate cash value shown).
• Vesting / payout:
  • The 6,285-unit award (F1) vests in four installments: 1,571 units on 2027-02-26, 1,571 on 2028-02-26, 1,571 on 2029-02-26, and 1,572 on 2030-02-26; upon lapse these units are payable in cash or common stock.
  • The 25,138-unit award (F2) vests in four equal annual installments, with the first vesting on the date exercisable shown in the filing; all such derivative securities expire on the stated expiration date.
• Shares owned after transaction: not specified in the information provided.
• Filing timeliness: No late filing indicated (reported the day after the transaction).

Context These entries are compensation grants (derivative units often structured as restricted stock units or similar) that vest over multiple years and may be settled in cash or stock. They are routine elements of executive pay and do not represent an open-market buy or sell that would directly signal trading intent. The awards will only convert to actual shares or cash upon vesting according to the schedules above, at which point tax and reporting events may follow.