Fehring Nicolas A. 4
4 · INTERNATIONAL BUSINESS MACHINES CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
IBM VP Controller Nicolas Fehring Exercises RSUs, Withholds 795 Shares
What Happened
Nicolas A. Fehring, Vice President and Controller of International Business Machines Corp. (IBM), had restricted stock units (RSUs) vest on 2026-02-21. A total of 1,568 RSUs converted into shares. To satisfy tax withholding obligations, 795 of those shares were withheld (disposed) at $256.42 per share for a total withholding value of $203,853. The net result was delivery of 773 shares to Fehring. These transactions reflect routine RSU vesting and tax-withholding rather than an open-market sale or purchase.
Key Details
- Transaction date: 2026-02-21.
- Conversion/exercise entries (code M): 396, 540 and 632 RSUs converted (total 1,568). Price shown for conversion: $0 (derivative conversion).
- Tax withholding (code F): 201, 274 and 320 shares withheld at $256.42 each, totaling $203,853.
- Net shares delivered to insider after withholding: 773 shares (1,568 converted − 795 withheld).
- Shares owned after the transaction: not stated in the provided data.
- Footnotes: these items are releases of previously granted RSUs (grants dated 2/21/22, 2/21/23, 2/21/24 with scheduled vesting described in the filing). The units were payable in cash or common stock upon lapse of restrictions.
- Filing timeliness: Report period 2026-02-21; filing date 2026-02-23 — timely (not indicated as late).
Context
These entries reflect RSU vesting and the common practice of withholding shares to cover tax liabilities (a cashless withholding), not a discretionary market sale. The "M" codes indicate conversion/exercise of the derivative awards (RSUs) and the "F" codes indicate shares surrendered to pay taxes. Such withholding is routine and does not necessarily signal the insider's view of the company's stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-21+396→ 16,599.124 total - Tax Payment
Common Stock
2026-02-21$256.42/sh−201$51,540→ 16,398.124 total - Exercise/Conversion
Common Stock
2026-02-21+540→ 16,938.124 total - Tax Payment
Common Stock
2026-02-21$256.42/sh−274$70,259→ 16,664.124 total - Exercise/Conversion
Common Stock
2026-02-21+632→ 17,296.124 total - Tax Payment
Common Stock
2026-02-21$256.42/sh−320$82,054→ 16,976.124 total - Exercise/Conversion
Rst. Stock Unit
[F1][F2][F3]2026-02-21−396→ 0 totalExercise: $0.00→ Common Stock (396 underlying) - Exercise/Conversion
Rst. Stock Unit
[F4][F2][F3]2026-02-21−540→ 541 totalExercise: $0.00→ Common Stock (540 underlying) - Exercise/Conversion
Rst. Stock Unit
[F5][F2][F3]2026-02-21−632→ 1,264 totalExercise: $0.00→ Common Stock (632 underlying)
Footnotes (5)
- [F1]On 2/21/22, the reporting person was granted 1,578 RSUs, 394 of which vested on 2/21/23, 394 of which vested on 2/21/24, 394 of which vested on 2/21/25 and 396 of which vested on 2/21/26.
- [F2]These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
- [F3]Release of restricted stock units.
- [F4]On 2/21/23, the reporting person was granted 2,162 RSUs, 540 of which vested on 2/21/24, 541 of which vested on 2/21/25, 540 of which vested on 2/21/26 and 541 of which will vest on 2/21/27.
- [F5]On 2/21/24, the reporting person was granted 2,527 RSUs, 631 of which vested on 2/21/25, 632 of which vested on 2/21/26, 632 of which will vest on 2/21/27, and 632 of which will vest on 2/21/28.