A Form 4 filed with the SEC on August 28, 2026 reports that Arvind Krishna, Chairman, President and CEO of International Business Machines Corp (NYSE:IBM), acquired 8,375.5601 phantom stock units under the IBM Excess Savings Plan on August 27, 2026.

Key Highlights

  • Reporting person: Arvind Krishna, identified as Chairman, President and CEO of International Business Machines Corp.
  • Transaction: Acquisition of 8,375.5601 phantom stock units on August 27, 2026, at a conversion or exercise price of $0.00.
  • Underlying security price: The filing lists a price of $238.79 per share of common stock in connection with the transaction.
  • Beneficial ownership following transaction: 28,447.467 phantom stock units held directly, according to the filing.
  • Plan basis: The units were acquired under the IBM Excess Savings Plan, an indirect ownership arrangement.
  • Deferred distribution: Distribution of phantom stock units under the plan is deferred until separation from the company, per the filing's explanation of responses.

Details of Arvind Krishna's IBM Phantom Stock Acquisition

According to the Form 4 filed on August 28, 2026, Arvind Krishna acquired 8,375.5601 phantom stock units on August 27, 2026. The filing identifies the transaction as an indirect acquisition under the IBM Excess Savings Plan. The conversion or exercise price of the derivative security is listed as $0.00, and the filing notes that "phantom stock units convert to the cash value of the company's common stock on a one-for-one basis."

The filing records a price of $238.79 per share of common stock as the underlying security value at the time of the transaction. Following the reported transaction, the filing states that Krishna beneficially owns 28,447.467 phantom stock units, held directly. The filing further discloses that "distribution of phantom stock units under the IBM Excess Savings Plan is deferred until separation from the company," and that Krishna "may transfer these phantom stock units into an alternative investment account under such plan."

The Form 4 was signed by L. Mallardi on behalf of A. Krishna and was filed on August 28, 2026. Krishna is listed as both a Director and an Officer of the issuer, International Business Machines Corp, traded on NYSE:IBM.

What Was Disclosed

The filing discloses an indirect acquisition of 8,375.5601 phantom stock units by IBM's Chairman, President and CEO under the IBM Excess Savings Plan on August 27, 2026, with resulting beneficial ownership of 28,447.467 units and distribution deferred until separation from the company.