SVP & CHRO Reed Terrence sold 1,787 shares (38.7% of holdings) in 2 transactions for $2.5M, Feb-Mar 2026
Reed Terrence executed two separate sales totaling 1,787 shares for $2,537,182.47, reducing his holdings from 4,621 shares to 2,834 shares and representing a -38.7% reduction in position size. The sales occurred at $1,457.17 on 2026-02-24 and $1,397.33 on 2026-03-03, with a blended average of $1,419.80 across both transactions. The current price of $1348.22 reflects a -8.2% discount from the 52-week high of $1468.58, placing the execution prices near recent peaks in the stock's range. This substantial reduction in an SVP & CHRO's stake warrants observation as to whether it reflects a shift in confidence regarding the firm's near-term trajectory, particularly given FIX's elevated valuation (P/E of 35.45) and the recent strong upside momentum (90-day change: +34.6%) that preceded the sales.