Executive compensation

2013 Grants of Plan-Based Awards Table

  Estimated Future Payouts
Under Non-Equity Incentive Plan Awards
Estimated Future Payouts Under Equity Incentive Plan Awards (2)  
Name
(a)
Type of Award (1) Grant Date
(b)
Compensation Committee Approval
Date
Threshold
($)
(c)
Target
($)
(d)
Maximum
($)
(e)
Threshold
(#)
(f)
Target
(#)
(g)
Maximum
(#)
(h)
All Other Stock Awards: Number of Shares of Stock or Units (3)
(#)
(i)
All Other Option Awards: Number of Securities Underlying Options
(#)
(j)
Exercise or Base Price of Option Awards
($/Sh)
(k)
Closing Price on the NYSE on the Date of Grant
($/Sh)
Grant Date Fair Value of Stock and Option Awards (4)
($)
(l)
V.M. Rometty AIP N/A 10/30/2012 $0 $4,000,000 $12,000,000       0 0 N/A N/A  
  PSU 01/02/2013 10/30/2012       15,958 63,830 95,745         $11,703,869
M. Loughridge AIP N/A 02/26/2013 0 1,046,000 3,138,000       0 0 N/A N/A  
  PSU 06/07/2013 02/26/2013       6,845 27,381 41,072         5,360,378
J.E. Kelly III AIP N/A 02/26/2013 0 844,000 2,532,000       0 0 N/A N/A  
  PSU 06/07/2013 02/26/2013       6,310 25,239 37,859         4,941,039
R.C. Weber AIP N/A 02/26/2013 0 878,000 2,634,000         0 N/A N/A  
  PSU 06/07/2013 02/26/2013       4,167 16,667 25,001         3,262,899
  RRSU 01/02/2013 10/30/2012             7,979       1,463,029
S.A. Mills AIP N/A 02/26/2013 0 968,000 2,904,000       0 0 N/A N/A  
  PSU 06/07/2013 02/26/2013       5,953 23,810 35,715         4,661,284

(1) Type of Award:
AIP = Annual Incentive Program
PSU = Performance Share Unit
RRSU = Retention Restricted Stock Unit
Each of these awards was granted under IBM's 1999 Long-Term Performance Plan. See 2013 Summary Compensation Table Narrative for additional information on these types of awards.

(2) PSU awards will be adjusted based on performance and paid in February 2016.

(3) Mr. Weber's award vests on June 30, 2014 provided that he is an employee of the Company as of that date.

(4) The amounts in this column reflect the aggregate grant date fair values of PSU and RRSU awards calculated in accordance with accounting guidance. The values shown for the PSU awards are based on the Target number, as described in the 2013 Summary Compensation Table Narrative. The values shown for the Retention Restricted Stock Units (RRSUs) reflect an adjustment for the exclusion of dividend equivalents.