---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-009477"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:58:57.921026+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-009477
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000110465924009477/0001104659-24-009477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000110465924009477/tm244921d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-009477
- JSON: https://secwatch.observer/filing/0001104659-24-009477.json
- Plain text: https://secwatch.observer/filing/0001104659-24-009477.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000110465924009477/0001104659-24-009477-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.