Fehring Nicolas A. 4

What Happened

• Nicolas A. Fehring, Vice President and Controller of IBM, had 696 restricted stock units (RSUs) vest on 2026-02-18. The vesting converted derivatives into 696 shares (acquired at $0.00 per share).
• To cover tax withholding, 353 of those shares were surrendered/disposed at an implied value of $258.68 per share, totaling $91,314. The remaining vested shares were issued to him (net shares received after withholding).

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-19 (timely).
• Vesting/conversion code: M (exercise/conversion of derivative — here, RSU release). Tax withholding code: F (shares withheld to satisfy tax liability).
• Shares involved: 696 vested; 353 withheld for taxes at $258.68/share (≈ $91,314).
• Shares owned after transaction: not specified in the excerpt of the filing; check the full Form 4 for post-transaction beneficial ownership.
• Relevant footnotes: the RSU award was originally granted 2/18/2025 for 2,787 RSUs — 696 vested on 2/18/2026, with the remainder vesting in equal tranches over the next three years. Units were payable in cash or common stock upon vesting.

Context

• This was a routine vesting of RSUs with shares withheld for taxes (a common “cashless” or withholding action), not an open-market purchase or discretionary sale. Such vesting reflects compensation being delivered, not necessarily a bullish or bearish signal by the insider.