secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001104659-24-009477
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000110465924009477/0001104659-24-009477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000110465924009477/tm244921d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-009477

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer