Fehring Nicolas A. 4

What Happened
Nicolas A. Fehring, Vice President and Controller of IBM, was granted a total of 10,428 derivative awards on February 26, 2026. The grants consist of 2,844 units and 7,584 units, each reported as acquisitions at $0 per unit (i.e., awards/derivative securities rather than open‑market purchases). No cash value was exchanged at grant; payout will depend on future vesting and settlement rules.

Key Details

• Transaction date: February 26, 2026; Form 4 filed February 27, 2026 (timely filing).
• Grant amounts: 2,844 units (F1) and 7,584 units (F2); reported acquisition price $0.
• Shares owned after transaction: not specified in this Form 4.
• Footnotes:
  • F1 (2,844 units): Restrictions lapse and units are payable in cash or common stock; 711 units vest on Feb 26 each year 2027–2030.
  • F2 (7,584 units): These derivative securities vest in four equal annual installments (first vesting on the indicated exercisable date) and expire on the stated expiration date.
• Transaction code: A = Award/Grant (derivative securities).

Context
These are time‑based/derivative awards (similar to restricted stock units), not an open‑market purchase or sale. They do not represent immediate common stock ownership and will convert to cash or shares only as they vest per the schedules above. Awards are common compensation for executives and do not by themselves indicate a buying or selling signal.