Fehring Nicolas A.

Fehring Nicolas A., Vice President and Controller, has demonstrated a consistent pattern of insider activity focused exclusively on International Business Machines Corporation (IBM), as revealed by SEC Form 4 filings. Over 36 recorded transactions, Fehring has engaged solely in selling IBM shares, with no purchases reported. The total sell value across these transactions amounts to $1,677,232.78, indicating a significant divestment of holdings in the company. Notably, recent activity includes sales on February 21, 2026, totaling $204,853.90, and a substantial transaction on February 1, 2026, valued at $485,400.49. Earlier transactions, such as the $338,102.92 sale on September 1, 2025, and multiple smaller sales in February 2025, further underscore this trend. Fehring’s transactions are primarily categorized under codes "F" (sale) and "M" (exercise of derivative security), with occasional "A" (award) and "G" (gift) codes reflecting non-monetary transfers. The absence of any buying activity suggests a clear bias toward reducing IBM holdings over time. While the reasons behind these sales are not disclosed, the pattern aligns with typical insider behavior related to stock-based compensation or portfolio management. The consistency and scale of these transactions highlight Fehring’s ongoing divestment strategy, with IBM remaining the sole focus of his reported insider activity.