IBM Director Acquires 415 Promised Fee Shares Worth Over $90K

IBM director Frederick William McNabb III has acquired 415 Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan. The transaction occurred on September 30, 2026, with a reported post-transaction position of 17,053 Promised Fee Shares. According to the SEC filing, these shares are payable after retirement in IBM common stock or cash.

The acquisition price per share was $219.93, resulting in a total value of approximately $91,000 for the acquired shares. This development is part of the company's executive compensation plan, which aims to incentivize directors and officers with equity-based awards.

It's worth noting that Promised Fee Shares are a type of deferred compensation award granted to IBM executives, allowing them to receive their fees in either stock or cash after retirement. This transaction reflects McNabb's continued involvement with the company as a director.