February 8, 2024 · Form 4 insider transaction
KAVANAUGH JAMES J bought 89 shares of International Business Machines Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.; Acquisition of phantom stock units under the IBM Excess Savings Plan (formerly known as the IBM Excess 401(k) Plus Plan).; Distribution of phantom stock units under the IBM Excess Savings Plan (formerly known as the IBM Excess 401(k) Plus Plan) is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan.