Executive compensation

Nonqualified deferred compensation

2015 Nonqualified deferred compensation narrative

IBM excess 401(k) Plus Plan

General description

 

Purpose of the excess 401(k) Plus Plan

 

Compensation eligible for deferral under excess 401(k) Plus Plan

 

Deferred IBM shares

 

Excess 401(k) Plus Plan funding

 

IBM match on participant contributions 

 

IBM automatic contributions

 

IBM transition credits

 

Earnings measures

* Performance is calculated from the fund’s inception date, July 1, 2015

** Performance includes dividend equivalent reinvestment

 

Payouts, withdrawals and other distributions

  1. Lump sum upon termination;
  2. Lump sum in February of the year following termination; or
  3. Annual installments (beginning February 1 of the year following termination) for a number of years (between two and ten) elected by the participant.

2015 Nonqualified deferred compensation table

 

Name
(a)
Plan Executive Contributions in Last FY(1)
($)
(b)
Registrant Contributions
in last FY(2)
($)
(c)
Aggregate Earnings in Last FY(3)
($)
(d)
Aggregate Withdrawals/ Distributions
($)
(e)
Aggregate Balance at Last FYE(4)
($)
(f)
V.M. Rometty Basic Account $293,100 Match $293,100 $(123,007) $0 $9,634,736
  Automatic 195,400      
Deferred IBM Shares 0   0 (636,769) 0 3,840,148
Total $293,100   $488,500 $(759,776) $0 $13,474,884​
M.J. Schroeter Basic Account $73,156 Match $58,755 $(211,272) $0 $1,472,121
  Automatic 11,751      
Deferred IBM Shares 0   0 0 0 0
Total $73,156   $70,506 $(211,272) $0 $1,472,121​
M.D. Rhodin Basic Account $540,100 Match $59,820 $(313,593) $0 $2,106,312
  Automatic 19,940      
Deferred IBM Shares 0   0 0 0 0
Total $540,100   $79,760 $(313,593) $0 $2,106,312​
B.A. van Kralingen Basic Account $67,820 Match $61,170 $(330,361) $0 $2,106,022
  Automatic 20,390      
Deferred IBM Shares 0   0 (164,053) 0 989,350
Total $67,820   $81,560 $(494,414) $0 $3,095,372​
J.E. Kelly III Basic Account $657,510 Match $72,096 $(347,901) $0 $8,896,365
  Automatic 24,032      
Deferred IBM Shares 0   0 (73,937) 0 445,889
Total $657,510   $96,128 $(421,838) $0 $9,342,254​
(1) A portion of the amount reported in this column (b) for each named executive officer’s Basic Account, is included within the amount reported as salary for that officer in column (c) of the 2015 Summary Compensation Table. These amounts are: $77,100 for Mrs. Rometty; $28,300 for Mr. Schroeter; $34,500 for Mr. Rhodin; $30,650 for Mrs. van Kralingen; and $24,630 for Dr. Kelly.

(2) For each of the named executive officers, the entire amount reported in this column (c) is included within the amount reported in column (i) of the 2015 Summary Compensation Table. The amounts reported as IBM contributions to defined contribution plans in footnote 6 to the 2015 Summary Compensation Table are larger because the amounts reported in that footnote also include IBM’s contributions to the IBM 401(k) Plus Plan.

(3) None of the amounts reported in this column (d) are reported in column (h) of the 2015 Summary Compensation Table because IBM does not pay guaranteed, above-market or preferential earnings on deferred compensation.

(4) Amounts reported in this column (f) for each named executive officer include amounts previously reported in IBM’s Summary Compensation Table in previous years when earned if that officer’s compensation was required to be disclosed in a previous year. Amounts previously reported in such years include previously earned, but deferred, salary and incentive and IBM matching and automatic contributions. This total reflects the cumulative value of each named executive officer’s deferrals, IBM contributions and investment experience, including an $8 quarterly administrative fee.