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IBM Corp | 8-K: Retirement of Michelle H. Browdy, Senior Vice President of Legal and Regulatory Affairs and General Counsel, and Compensation Arrangements for the Company's Named Executive Officers

SEC announcement · Feb 1 16:23

IBM +0.16%

Summary by Moomoo AI

IBM Corp has announced that Michelle H. Browdy will retire from her position as Senior Vice President, Legal and Regulatory Affairs, and General Counsel by the end of 2024, concluding a decade-long tenure. Additionally, the company disclosed compensation arrangements for its Chairman and CEO, Arvind Krishna, and other named executive officers. The long-term incentive awards are set to be granted on February 21, 2024, with the actual number of Performance Share Units and Restricted Stock Units based on IBM's average closing stock price prior to the grant date. The stock options' valuation will also consider a discount factor. The Performance Share Units are scheduled for payout in February 2027, while the Restricted Stock Units and Stock Options will vest annually over four years. This information, along with further details, will be included in IBM's 2024 Proxy Statement.

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This announcement is a separate document:

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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