Thomas Robert David 4

What Happened

• Thomas Robert David, Senior Vice President at International Business Machines Corp (IBM), was granted two derivative equity awards on Feb 26, 2026 totaling 52,823 units: 10,565 units and 42,258 units. Both grants show an acquisition price of $0.00 on the Form 4, indicating these are compensation awards (derivative securities), not open-market purchases.

Key Details

• Transaction date and price: Feb 26, 2026; both grants reported at $0.00 per unit (code A — award/grant).
• Grant amounts: 10,565 units (first grant) and 42,258 units (second grant) — combined 52,823 units.
• Shares owned after transaction: Not disclosed in this Form 4 (ownership after the grants is not provided in the filing).
• Vesting/settlement notes:
  • Footnote 1: The 10,565-unit award vests in four installments of 2,641 (2027), 2,641 (2028), 2,641 (2029), and 2,642 (2030) and will be payable in cash or IBM common stock upon lapse of restrictions.
  • Footnote 2: The 42,258-unit award vests in four equal annual installments, with the first vesting on the date shown in the filing; these derivative securities expire on the expiration date noted in the filing.
• Filing timeliness: Form 4 was filed Feb 27, 2026 (covering the Feb 26, 2026 transaction), which is within the standard reporting window.

Context

• These entries reflect equity compensation grants (derivative securities such as restricted stock units or similar units) that convert to cash or shares as they vest. They are not purchases or sales in the open market and therefore do not directly signal a buy/sell decision by the insider.
• Such awards are common for executive compensation and should be interpreted as granted compensation rather than an investment transaction.