IBM EVP and GC Michelle Browdy to retire by year-end; 2024 compensation disclosed for top executives

INTERNATIONAL BUSINESS MACHINES CORP

Michelle H. Browdy, SVP Legal and General Counsel, retiring by end of 2024 after 10 years in role.
CEO Arvind Krishna 2024 comp: salary $3.51M, incentive target $1.5M, LTI valued at $20M (PSU $12M, RSU $4M, stock options $4M).
CFO J.J. Kavanaugh 2024 comp: salary $1.73M, incentive target $1.17M, LTI $10.25M; SVP G. Cohn similar.
LTI awards granted Feb. 21, 2024 using 30-day avg closing price; PSUs payout Feb. 2027, RSUs/options vest 25% annually.
T. Rosamilia previously retired June 30, 2023; no replacement for Browdy announced.

item 5.02

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Departed

Michelle H. Browdy

Senior Vice President, Legal and Regulatory Affairs, and General Counsel

IBM · INTERNATIONAL BUSINESS MACHINES CORP

Filed: February 1, 2024, 6:59 PM ET

nuary 29, 2024, Michelle H. Browdy has decided to retire from her role as Senior Vice President, Legal and Regulatory Affairs, and General Counsel, by the end of the year, after 10 years in the role.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle H. Browdy retired as Senior Vice President, Legal and Regulatory Affairs, and General Counsel at INTERNATIONAL BUSINESS MACHINES CORP.

Action: retired
Role: Senior Vice President, Legal and Regulatory Affairs, and General Counsel

Exact text from the filing

nuary 29, 2024, Michelle H. Browdy has decided to retire from her role as Senior Vice President, Legal and Regulatory Affairs, and General Counsel, by the end of the year, after 10 years in the role.

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Source: SEC EDGAR

accession 0001104659-24-009477

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