J. KAVANAUGH - 07 Jun 2023 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Sr. VP and CFO
Signature
J. Pomazal on behalf of J. J. Kavanaugh
Issuer symbol
IBM
Transactions as of
07 Jun 2023
Transactions value $
-$994,157
Form type
4
Filing time
09 Jun 2023, 17:09:41 UTC
Previous filing
11 May 2023
Next filing
20 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +3,889 +4.27% $0.000000 94,886 07 Jun 2023 Direct
transaction IBM Common Stock Tax liability -$259,974 -1,950 -2.06% $133.32 92,936 07 Jun 2023 Direct
transaction IBM Common Stock Options Exercise $0 +5,688 +6.12% $0.000000 98,624 08 Jun 2023 Direct
transaction IBM Common Stock Tax liability -$384,842 -2,851 -2.89% $134.98 95,773 08 Jun 2023 Direct
transaction IBM Common Stock Options Exercise $0 +5,163 +5.39% $0.000000 100,936 08 Jun 2023 Direct
transaction IBM Common Stock Tax liability -$349,341 -2,588 -2.56% $134.98 98,348 08 Jun 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IBM Rst. Stock Unit Options Exercise $0 -3,889 -100% $0.000000* 0 07 Jun 2023 Common Stock 3,889 $0.000000 Direct F1, F2, F3
transaction IBM Rst. Stock Unit Options Exercise $0 -5,688 -50% $0.000000 5,688 08 Jun 2023 Common Stock 5,688 $0.000000 Direct F2, F3, F4
transaction IBM Rst. Stock Unit Options Exercise $0 -5,163 -33.3% $0.000000 10,326 08 Jun 2023 Common Stock 5,163 $0.000000 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 06/07/19, the reporting person was granted 15,046 RSUs, 3,761 of which vested on 06/07/20, 3,761 of which vested on 06/07/21, 3,761 of which vested on 06/07/22, and 3,763 of which vested on 06/07/23. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.
F2 These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
F3 Release of restricted stock units.
F4 On 06/08/20, the reporting person was granted 22,020 RSUs, 5,505 of which vested on 06/08/21, 5,505 of which vested on 06/08/22, 5,505 of which vested on 06/08/23, and 5,505 of which will vest on 06/08/24. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.
F5 On 06/08/21, the reporting person was granted 19,988 RSUs, 4,997 of which vested on 06/08/22, 4,997 of which vested on 06/08/23, 4,997 of which will vest on 06/08/24, and 4,997 of which will vest on 06/08/25. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.