IBM Director Acquires 415 Promised Fee Shares Valued at Over $90K

Michael Miebach, an IBM director, has acquired 415 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan. The shares were valued at $219.93 each and are paid out in IBM common stock or cash after retirement.

The award was made on September 30, 2026, bringing Miebach's total Promised Fee Share position to 4,724 contracts. This new acquisition is a result of the plan's deferral of fees into Promised Fee Shares.