The company said Michelle H. Browdy will 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, and that she decided to retire on January January 29, 2024.

1. 01

   The company said Michelle H. Browdy will 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, and that she decided to retire on January January 29, 2024.

2. 02

   IBM said Arvind Krishna's 2023 annual incentive payout was $3,510,000, his 2024 salary rate was $1,500,000, and his 2024 annual incentive target was $3,500,000.

3. 03

   The company said Arvind Krishna's 2024 long-term incentive award consists of performance share units valued at $12,000,000, restricted stock units valued at $4,000,000 and stock options valued at $4,000,000, and will be granted on February 21, 2024.

4. 04

   The company said the number of performance share units and restricted stock units will be based on the average of IBM's closing stock price for the 30 active trading days before the grant date, and that restricted stock units and stock options will vest 25% per year on each anniversary of the grant date.

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Original filing

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