Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-02

International Business Machines Corp (IBM)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$37,989,685
Arvind Krishna total, FY2025
15th
CEO pay percentile vs peers
765:1
CEO-to-median pay ratio
94.19%
Say-on-pay support, latest vote
Companies that benchmark against IBM
44 companies name IBM as a compensation peer

Each company listed discloses IBM in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named IBM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Arvind Krishna$1,500,000$0$23,988,586$6,606,312$5,250,000$42,970$601,817$37,989,685
Chairman, President and Chief Executive Officer
James J. Kavanaugh1,250,250011,514,8303,171,0792,584,50041,489278,51518,840,663
Senior Vice President, Finance & Operations and Chief Financial Officer
Robert Thomas1,143,500010,794,9202,972,8922,370,00024,259188,52317,494,094
Senior Vice President, Software & Chief Commercial Officer
Gary Cohn1,170,00009,835,2302,708,5922,370,00019,483132,47016,235,775
Vice Chairman
Anne Robinson999,50007,292,7742,008,3382,068,50016,50370,69512,456,310
Senior Vice President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Arvind Krishna$37,989,685$20,398,426
James J. Kavanaugh18,840,66313,009,40311,691,289+5,831,260
Robert Thomas17,494,09410,334,314
Gary Cohn16,235,77510,811,5219,537,090+5,424,254
Anne Robinson12,456,3109,877,360+2,578,950

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Martha E. PollackDirector2026-03-31A243$242$58,901Derivative, Class A CommonForm 4 ↗
David N. FarrDirector2026-03-31A24324258,901Derivative, Class A CommonForm 4 ↗
Michael MiebachDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Thomas BuberlDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Andrew N. LiverisDirector2026-03-31A40324297,683Derivative, Class A CommonForm 4 ↗
Alex GorskyDirector2026-03-31A444242107,621Derivative, Class A CommonForm 4 ↗
Peter R. VoserDirector2026-03-31A413242100,107Derivative, Class A CommonForm 4 ↗
Alfred W. ZollarDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Marianne C. BrownDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
F. William McNabb IIIDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Frederick H. WaddellDirector2026-03-31A40324297,683Derivative, Class A CommonForm 4 ↗
Ramon LaguartaDirector2026-03-31A12624230,541Derivative, Class A CommonForm 4 ↗
Michelle J. HowardDirector2026-03-31A26424263,991Derivative, Class A CommonForm 4 ↗
Nicolas A. FehringVP, Controller2026-06-04D40000CommonForm 4 ↗
Thomas BuberlDirector2026-06-30A34128195,893Derivative, Class A CommonForm 4 ↗
Martha E. PollackDirector2026-06-30A20928158,773Derivative, Class A CommonForm 4 ↗
F. William McNabb IIIDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Andrew N. LiverisDirector2026-06-30A34728197,580Derivative, Class A CommonForm 4 ↗
Marianne C. BrownDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Alex GorskyDirector2026-06-30A383281107,703Derivative, Class A CommonForm 4 ↗
Michelle J. HowardDirector2026-06-30A22828164,116Derivative, Class A CommonForm 4 ↗
David N. FarrDirector2026-06-30A20928158,773Derivative, Class A CommonForm 4 ↗
Ramon LaguartaDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Alfred W. ZollarDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Peter R. VoserDirector2026-06-30A356281100,111Derivative, Class A CommonForm 4 ↗
Michael MiebachDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D3,254287933,003CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01A1,41200CommonForm 4 ↗
Dividend-equivalent accruals2026-07-011,4121 insider, 1 accrual row
Anne RobinsonSenior Vice President2026-07-01A5,88300CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D781287223,932CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D5,88300Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 32 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Martha E. PollackDirector2026-03-31A243$242$58,901Derivative, Class A CommonForm 4 ↗
David N. FarrDirector2026-03-31A24324258,901Derivative, Class A CommonForm 4 ↗
Michael MiebachDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Thomas BuberlDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Andrew N. LiverisDirector2026-03-31A40324297,683Derivative, Class A CommonForm 4 ↗
Alex GorskyDirector2026-03-31A444242107,621Derivative, Class A CommonForm 4 ↗
Peter R. VoserDirector2026-03-31A413242100,107Derivative, Class A CommonForm 4 ↗
Alfred W. ZollarDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Marianne C. BrownDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
F. William McNabb IIIDirector2026-03-31A37724291,381Derivative, Class A CommonForm 4 ↗
Frederick H. WaddellDirector2026-03-31A40324297,683Derivative, Class A CommonForm 4 ↗
Ramon LaguartaDirector2026-03-31A12624230,541Derivative, Class A CommonForm 4 ↗
Michelle J. HowardDirector2026-03-31A26424263,991Derivative, Class A CommonForm 4 ↗
Nicolas A. FehringVP, Controller2026-06-04D40000CommonForm 4 ↗
Thomas BuberlDirector2026-06-30A34128195,893Derivative, Class A CommonForm 4 ↗
Martha E. PollackDirector2026-06-30A20928158,773Derivative, Class A CommonForm 4 ↗
F. William McNabb IIIDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Andrew N. LiverisDirector2026-06-30A34728197,580Derivative, Class A CommonForm 4 ↗
Marianne C. BrownDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Alex GorskyDirector2026-06-30A383281107,703Derivative, Class A CommonForm 4 ↗
Michelle J. HowardDirector2026-06-30A22828164,116Derivative, Class A CommonForm 4 ↗
David N. FarrDirector2026-06-30A20928158,773Derivative, Class A CommonForm 4 ↗
Ramon LaguartaDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Alfred W. ZollarDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Peter R. VoserDirector2026-06-30A356281100,111Derivative, Class A CommonForm 4 ↗
Michael MiebachDirector2026-06-30A32528191,393Derivative, Class A CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D3,254287933,003CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01A1,41200CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D1,41200Derivative, Class A CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01A5,88300CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D781287223,932CommonForm 4 ↗
Anne RobinsonSenior Vice President2026-07-01D5,88300Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Arvind KrishnaPSU2025-02-1813,59567,976149,547$18,407,221
James J. KavanaughPSU2025-02-186,52632,62971,7848,835,607
Gary CohnSO2025-02-1837,1602,708,592
James J. KavanaughRSU2025-02-1810,8772,679,223
James J. KavanaughSO2025-02-1843,5053,171,079
Robert ThomasRSU2025-02-1810,1972,511,725
Gary CohnPSU2025-02-185,57427,87061,3147,546,917
Anne RobinsonRSU2025-02-186,8891,696,898
Anne RobinsonSO2025-02-1827,5532,008,338
Arvind KrishnaSO2025-02-1890,6346,606,312
Robert ThomasPSU2025-02-186,11830,58967,2968,283,195
Gary CohnRSU2025-02-189,2902,288,313
Arvind KrishnaRSU2025-02-1822,6595,581,365
Anne RobinsonPSU2025-02-184,13320,66545,4635,595,875
Robert ThomasSO2025-02-1840,7862,972,892
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Arvind Krishna$5,581,365$18,407,221$076.7%
James J. Kavanaugh2,679,2238,835,607076.7%
Gary Cohn2,288,3137,546,917076.7%
Robert Thomas2,511,7258,283,195076.7%
Anne Robinson1,696,8985,595,875076.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Arvind KrishnaRSU108,533$31,350,617
James J. KavanaughRSU63,46918,331,635
Gary CohnRSU48,10313,617,196
Anne RobinsonRSU16,5554,866,750
05

Incentive-plan design — the Compensation Discussion & Analysis

In consideration of size and complexity, IBM s philosophy is to generally target the 50 th percentile of the market for cash and total compensation. Executives in new roles are typically positioned below and brought up to median with sustained performance, while high performing executives may have an above median target total pay opportunity driven by long-term incentives to retain executive skills and support strong succession plans.

CEO STI target (% of salary)233%
CEO LTI target (% of salary)
Independent consultantSemler Brossy
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-28549,921,10833,951,0596,674,05194.19%Passed
20252025-04-29518,938,82345,226,7605,157,49291.98%Passed
20242024-04-30505,017,49842,956,7866,339,13392.16%Passed
20232023-04-25491,622,78348,189,1397,178,70391.07%Passed
20222022-04-26473,874,45655,096,1878,014,39889.58%Passed
20212021-04-27254,703,735268,597,8878,048,06248.67%Failed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2894.19%a
20252025-04-2991.98%b
20242024-04-3092.16%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered "votes cast" based on current New York State law requirements and IBM's certificate of incorporation and by-laws.”.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)765 : 1
CEO total compensation$37,989,685
Median employee compensation$49,630
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Andrew N. LiverisIndependent · Directors and Corporate Governance (Chair) · Executive$390,000$0$0$279,935$669,935
Alex GorskyIndependent · Lead Independent Director · Executive430,00000214,291644,291
Peter R. VoserIndependent · Audit (Chair) · Executive400,00000202,016602,016
Frederick H. WaddellIndependent · Executive Compensation and Management Resources (Chair) · Executive · Not standing for re-election390,00000156,576546,576
David N. FarrIndependent · Audit365,00000146,043511,043
Martha E. PollackIndependent · Executive Compensation and Management Resources365,00000115,522480,522
Michelle J. HowardIndependent · Audit365,00000100,704465,704
F. William McNabb IIIIndependent · Audit365,0000098,009463,009
Thomas BuberlIndependent · Executive Compensation and Management Resources365,0000086,081451,081
Alfred W. ZollarIndependent · Directors and Corporate Governance365,0000055,078420,078
Marianne C. BrownIndependent · Directors and Corporate Governance365,0000026,416391,416
Michael MiebachIndependent · Executive Compensation and Management Resources365,0000018,124383,124
Arvind KrishnaEmployee director · Board Chair · Executive (Chair)00000
Ramon LaguartaIndependent · Directors and Corporate Governance · Executive · Partial-year service · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$350,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 30,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$4,530,000
Equity awards (grant-date value)$0
All other compensation$1,498,795
Total cost of the board$6,028,795

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies International Business Machines Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including International Business Machines Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Broadcom2025Hock Tan$1,200,000$202,351,080$0$0$205,278,006
2Microsoft2025Satya Nadella2,500,00084,245,49609,555,00096,496,790
3Intel2025Lip-Bu Tan746,20049,639,50039,523,2002,374,00092,990,900
4Cisco Systems2025Charles Robbins1,390,00045,870,69005,117,42452,838,751
5Adobe2025Shantanu Narayen1,500,00045,376,11003,120,00051,173,935
6Salesforce2026Marc Benioff1,550,00027,265,36010,743,0973,602,58849,379,252
7International Business Machines Corp2025Arvind Krishna1,500,00023,988,5866,606,3125,250,00037,989,685
8Verizon2025Daniel Schulman375,00032,774,7950937,50034,311,016
9Bank of America2025Brian Moynihan1,500,00030,666,7470033,711,521
10Visa2025Ryan McInerney1,505,78218,723,3065,687,5095,250,00031,560,660
11Qualcomm2025Cristiano Amon1,350,00024,162,04303,186,00029,701,097
12Accenture2025Julie Sweet1,550,00022,876,23204,500,00029,641,903
13RTX2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
14PepsiCo2025Ramon Laguarta1,804,61511,550,00805,771,00023,903,545
15Boeing2025Robert Ortberg1,500,0007,874,8189,624,9593,930,00023,581,389
16Hewlett Packard Enterprise2025Antonio Neri1,350,00019,628,95502,408,83223,482,721
17UPS2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
18Honeywell2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
19Alphabet2025Sundar Pichai2,007,69200010,906,079
20Amazon.com2025Andrew Jassy365,0000002,069,861
21Oracle2025Safra Catz950,0000001,113,417

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
International Business Machines Corp150%not disclosedYes — Relative Total Shareholder Return (rTSR)Semler Brossy
Accenturenot disclosedPSU 73 · RSU 27NoPay Governance LLC
Adobe104%PSU 70 · RSU 30YesCompensia, Inc.
Alphabetnot disclosednot disclosednot disclosedCompensia Inc. and Semler Brossy
Amazon.comnot disclosedRSU 100not disclosedNone (Committee may engage compensation consultants but did not do so in 2025)
Bank of Americanot disclosednot disclosedNoSemler Brossy
Boeing131%Options 55 · RSU 45not disclosedFW Cook (Frederic W. Cook & Co., Inc.)
Broadcom145%PSU 100NoMeridian Compensation Partners
Cisco Systems142%PSU 60 · RSU 40Yes — Relative TSRExequity
Hewlett Packard Enterprise89%not disclosedYes — relative TSR vs. S&P 500FW Cook
Honeywell126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
Intel118.7%PSU 60 · Options 40Yes — TSR relative to S&P 500 IndexSemler Brossy
Microsoftnot disclosedPSA 100not disclosedPay Governance LLC
Oraclenot disclosedOptions 100NoCompensia, Inc.
PepsiConot disclosednot disclosedYes — Relative TSR PerformanceFW Cook
Qualcomm118%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (RTSR)Pay Governance
RTX164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook
Salesforce103.3%PSU 67 · Options 33Yes — Relative TSRSemler Brossy
UPS75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
Verizon100%PSU 60 · RSU 40Yes — relative total shareholder return (TSR) position compared with the companies in the S&P 100Meridian Compensation Partners, LLC
Visa140%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. S&P 500Meridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Arvind KrishnaDEF 14A2026-03-100000051143-26-000025Section “2025 Summary compensation table and related narrative” · page 48. As printed: 37,989,685. Filing ↗machine: r11 · c51 · span 1119293–1119303
2Section 01, James J. KavanaughDEF 14A2026-03-100000051143-26-000025Section “2025 Summary compensation table and related narrative” · page 48. As printed: 18,840,663. Filing ↗machine: t153 · r7 · c18 · span 1131283–1131293
3Section 01, Robert ThomasDEF 14A2026-03-100000051143-26-000025Section “2025 Summary compensation table and related narrative” · page 48. As printed: 17,494,094. Filing ↗machine: r11 · c18 · span 1143434–1143444
4Section 01, Gary CohnDEF 14A2026-03-100000051143-26-000025Section “2025 Summary compensation table and related narrative” · page 48. As printed: 16,235,775. Filing ↗machine: r19 · c51 · span 1155508–1155518
5Section 01, Anne RobinsonDEF 14A2026-03-100000051143-26-000025Section “2025 Summary compensation table and related narrative”. As printed: 12,456,310. Filing ↗machine: t153 · r19 · c17 · span 1167522–1167532
6Section 03, Arvind Krishna PSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t159 · r3 · c3 · span 1281273–1281279
7Section 03, James J. Kavanaugh PSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t159 · r5 · c3 · span 1283529–1283535
8Section 03, Gary Cohn SODEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r25 · c2 · span 1362714–1362720
9Section 03, James J. Kavanaugh RSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r13 · c9 · span 1332730–1332736
10Section 03, James J. Kavanaugh SODEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r13 · c2 · span 1331208–1331214
11Section 03, Robert Thomas RSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r19 · c9 · span 1348540–1348546
12Section 03, Gary Cohn PSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t159 · r9 · c3 · span 1288029–1288035
13Section 03, Anne Robinson RSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗
14Section 03, Anne Robinson SODEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t153 · r19 · c5 · span 1165647–1165656
15Section 03, Arvind Krishna SODEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r7 · c2 · span 1315148–1315154
16Section 03, Robert Thomas PSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t159 · r7 · c3 · span 1285781–1285787
17Section 03, Gary Cohn RSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r25 · c9 · span 1364236–1364241
18Section 03, Arvind Krishna RSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r7 · c9 · span 1316670–1316676
19Section 03, Anne Robinson PSUDEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t159 · r11 · c3 · span 1290498–1290504
20Section 03, Robert Thomas SODEF 14A2026-03-100000051143-26-000025Section “nts of plan-based awards table” · grants of plan-based awards table. Filing ↗machine: t161 · r19 · c2 · span 1347018–1347024
21Section 07, pay ratioDEF 14A2026-03-100000051143-26-000025Section “CEO Pay Ratio”. As printed: 765 : 1. Filing ↗machine: span 1676288–1676291
22Section 08, Andrew N. LiverisDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 669,935. Filing ↗machine: t101 · r7 · c5 · span 736526–736533
23Section 08, Alex GorskyDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 644,291. Filing ↗machine: t101 · r5 · c5 · span 733825–733832
24Section 08, Peter R. VoserDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 602,016. Filing ↗machine: t101 · r11 · c5 · span 741923–741930
25Section 08, Frederick H. WaddellDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 546,576. Filing ↗machine: t101 · r12 · c5 · span 743276–743283
26Section 08, David N. FarrDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 511,043. Filing ↗machine: t101 · r4 · c5 · span 732481–732488
27Section 08, Martha E. PollackDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 480,522. Filing ↗machine: t101 · r10 · c5 · span 740576–740583
28Section 08, Michelle J. HowardDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 465,704. Filing ↗machine: t101 · r6 · c5 · span 735176–735183
29Section 08, F. William McNabb IIIDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 463,009. Filing ↗machine: t101 · r8 · c5 · span 737879–737886
30Section 08, Thomas BuberlDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 451,081. Filing ↗machine: t101 · r3 · c5 · span 731135–731142
31Section 08, Alfred W. ZollarDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 420,078. Filing ↗machine: t101 · r13 · c5 · span 744828–744835
32Section 08, Marianne C. BrownDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 391,416. Filing ↗machine: t101 · r2 · c5 · span 729791–729799
33Section 08, Michael MiebachDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 383,124. Filing ↗machine: t101 · r9 · c5 · span 739226–739233
34Section 08, Arvind KrishnaDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 0. Filing ↗
35Section 08, Ramon LaguartaDEF 14A2026-03-100000051143-26-000025Section “Director Compensation”. As printed: 0. Filing ↗
36Section 02, Martha E. Pollack 2026-03-31Form 42026-04-010001765271-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, David N. Farr 2026-03-31Form 42026-04-010001183474-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Michael Miebach 2026-03-31Form 42026-04-010001771933-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Thomas Buberl 2026-03-31Form 42026-04-010001738987-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Andrew N. Liveris 2026-03-31Form 42026-04-010001269971-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Alex Gorsky 2026-03-31Form 42026-04-010001453149-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Peter R. Voser 2026-03-31Form 42026-04-010001628797-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Alfred W. Zollar 2026-03-31Form 42026-04-010001196985-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Marianne C. Brown 2026-03-31Form 42026-04-010001804183-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, F. William McNabb III 2026-03-31Form 42026-04-010001731814-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Frederick H. Waddell 2026-03-31Form 42026-04-010001223690-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Ramon Laguarta 2026-03-31Form 42026-04-010001630253-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Michelle J. Howard 2026-03-31Form 42026-04-010001769389-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Nicolas A. Fehring 2026-06-04Form 42026-06-040001875415-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Thomas Buberl 2026-06-30Form 42026-07-020001738987-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Martha E. Pollack 2026-06-30Form 42026-07-020001765271-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, F. William McNabb III 2026-06-30Form 42026-07-020001731814-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Andrew N. Liveris 2026-06-30Form 42026-07-020001269971-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Marianne C. Brown 2026-06-30Form 42026-07-020001804183-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Alex Gorsky 2026-06-30Form 42026-07-020001453149-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Michelle J. Howard 2026-06-30Form 42026-07-020001769389-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, David N. Farr 2026-06-30Form 42026-07-020001183474-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Ramon Laguarta 2026-06-30Form 42026-07-020001630253-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Alfred W. Zollar 2026-06-30Form 42026-07-020001196985-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Peter R. Voser 2026-06-30Form 42026-07-020001628797-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Michael Miebach 2026-06-30Form 42026-07-020001771933-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Anne Robinson 2026-07-01Form 42026-07-020002026599-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
68Section 06, 2026 voteForm 8-K2026-05-010000051143-26-000043Item 5.07 · say-on-pay result. As reported: 94.19% (votes for as printed: 549,921,108). Filing ↗
69Section 06, 2025 voteForm 8-K2025-05-020001104659-25-044116Item 5.07 · say-on-pay result. As reported: 91.98% (votes for as printed: 518,938,823). Filing ↗
70Section 06, 2024 voteForm 8-K2024-05-030001104659-24-057038Item 5.07 · say-on-pay result. As reported: 92.16% (votes for as printed: 505,017,498). Filing ↗
71Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
72Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
73Section 09b board cost (computed)ComputedcomputedCash 4,530,000 + equity 0 + all other 1,498,795 = 6,028,795, summed across the director compensation table rows.machine: formula: Σ = 6,028,795
74Broadcom, Section 10b CEO totalDEF 14A2026-03-020001193125-26-085691CEO total compensation as printed in Broadcom's own proxy. As printed: 205,278,006. Filing ↗machine: span 845048–845059
75Microsoft, Section 10b CEO totalDEF 14A2025-10-210001193125-25-245150CEO total compensation as printed in Microsoft's own proxy. As printed: 96,496,790. Filing ↗machine: r2 · c27 · span 1059364–1059374
76Intel, Section 10b CEO totalDEF 14A2026-03-230000050863-26-000061CEO total compensation as printed in Intel's own proxy. As printed: 92,990,900. Filing ↗machine: r2 · c24 · span 1612980–1612990
77Cisco Systems, Section 10b CEO totalDEF 14A2025-10-280000858877-25-000150CEO total compensation as printed in Cisco Systems's own proxy. As printed: 52,838,751. Filing ↗machine: r2 · c33 · span 1073719–1073729
78Adobe, Section 10b CEO totalDEF 14A2026-02-270000796343-26-000043CEO total compensation as printed in Adobe's own proxy. As printed: 51,173,935. Filing ↗machine: r3 · c51 · span 923759–923769
79Salesforce, Section 10b CEO totalDEF 14A2026-04-160001108524-26-000085CEO total compensation as printed in Salesforce's own proxy. As printed: 49,379,252. Filing ↗machine: r4 · c24 · span 1710833–1710843
80International Business Machines Corp (subject), Section 10b CEO totalDEF 14A2026-03-100000051143-26-000025CEO total compensation as printed in International Business Machines Corp's own proxy. As printed: 37,989,685. Filing ↗machine: r11 · c51 · span 1119293–1119303
81Verizon, Section 10b CEO totalDEF 14A2026-04-060001308179-26-000210CEO total compensation as printed in Verizon's own proxy. As printed: 34,311,016. Filing ↗machine: t26 · r1 · c16 · span 239072–239082
82Bank of America, Section 10b CEO totalDEF 14A2026-03-230001193125-26-118929CEO total compensation as printed in Bank of America's own proxy. As printed: 33,711,521. Filing ↗machine: r3 · c39 · span 1377520–1377530
83Visa, Section 10b CEO totalDEF 14A2025-12-080001308179-25-000635CEO total compensation as printed in Visa's own proxy. As printed: 31,560,660. Filing ↗machine: t249 · span 1369402–1369412
84Qualcomm, Section 10b CEO totalDEF 14A2026-01-220001104659-26-005781CEO total compensation as printed in Qualcomm's own proxy. As printed: 29,701,097. Filing ↗machine: r1 · c36 · span 1336468–1336478
85Accenture, Section 10b CEO totalDEF 14A2025-12-120001308179-25-000651CEO total compensation as printed in Accenture's own proxy. As printed: 29,641,903. Filing ↗machine: t149 · r4 · c23 · span 1117150–1117161
86RTX, Section 10b CEO totalDEF 14A2026-03-090001308179-26-000036CEO total compensation as printed in RTX's own proxy. As printed: 24,846,826. Filing ↗machine: t237 · r2 · c14 · span 908955–908966
87PepsiCo, Section 10b CEO totalDEF 14A2026-03-270001308179-26-000169CEO total compensation as printed in PepsiCo's own proxy. As printed: 23,903,545. Filing ↗machine: r2 · c20 · span 826280–826290
88Boeing, Section 10b CEO totalDEF 14A2026-03-060001193125-26-096787CEO total compensation as printed in Boeing's own proxy. As printed: 23,581,389. Filing ↗machine: r2 · c44 · span 1170571–1170581
89Hewlett Packard Enterprise, Section 10b CEO totalDEF 14A2026-02-110001645590-26-000019CEO total compensation as printed in Hewlett Packard Enterprise's own proxy. As printed: 23,482,721. Filing ↗machine: r2 · c27 · span 1698747–1698757
90UPS, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019856CEO total compensation as printed in UPS's own proxy. As printed: 22,878,788. Filing ↗machine: r2 · c27 · span 899122–899132
91Honeywell, Section 10b CEO totalDEF 14A2026-04-100000773840-26-000029CEO total compensation as printed in Honeywell's own proxy. As printed: 20,381,435. Filing ↗machine: span 2093429–2093439
92Alphabet, Section 10b CEO totalDEF 14A2026-04-240001308179-26-000342CEO total compensation as printed in Alphabet's own proxy. As printed: 10,906,079. Filing ↗machine: span 994293–994303
93Amazon.com, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041026CEO total compensation as printed in Amazon.com's own proxy. As printed: 2,069,861. Filing ↗machine: span 1010745–1010754
94Oracle, Section 10b CEO totalDEF 14A2025-09-260001193125-25-220801CEO total compensation as printed in Oracle's own proxy. As printed: 1,113,417. Filing ↗machine: r5 · c28 · span 1109060–1109069
95Section 10a, Cisco Systems reciprocityDEF 14A0000858877-25-000150Cisco Systems names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Boeing reciprocityDEF 14A0001193125-26-096787Boeing names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Bank of America reciprocityDEF 14A0001193125-26-118929Bank of America names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, UPS reciprocityDEF 14A0001628280-26-019856UPS's most recent proxy was read; its disclosed peer group does not include International Business Machines Corp. Filing ↗
99Section 10a, Broadcom reciprocityDEF 14A0001193125-26-085691Broadcom names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Intel reciprocityDEF 14A0000050863-26-000061Intel names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, Hewlett Packard Enterprise reciprocityDEF 14A0001645590-26-000019Hewlett Packard Enterprise names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, Microsoft reciprocityDEF 14A0001193125-25-245150Microsoft names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, Visa reciprocityDEF 14A0001308179-25-000635Visa names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, Honeywell reciprocityDEF 14A0000773840-26-000029Honeywell's most recent proxy was read; its disclosed peer group does not include International Business Machines Corp. Filing ↗
105Section 10a, RTX reciprocityDEF 14A0001308179-26-000036RTX names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
106Section 10a, Salesforce reciprocityDEF 14A0001108524-26-000085Salesforce names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
107Section 10a, Alphabet reciprocityDEF 14A0001308179-26-000342Alphabet names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
108Section 10a, Amazon.com reciprocityDEF 14A0001104659-26-041026Amazon.com's most recent proxy was read; its disclosed peer group does not include International Business Machines Corp. Filing ↗
109Section 10a, Oracle reciprocityDEF 14A0001193125-25-220801Oracle names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, Accenture reciprocityDEF 14A0001308179-25-000651Accenture names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
111Section 10a, Verizon reciprocityDEF 14A0001308179-26-000210Verizon names International Business Machines Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗