SASOL CEO Simon Baloyi Sells 5,041 Shares

What Happened
Simon Baloyi, CEO of SASOL LTD (SSL), received 5,573 ordinary shares on Sept 4, 2026 upon certification and vesting of performance-based restricted stock units (RSUs) under the Sasol 2022 Long‑Term Incentive Plan. As part of a pooled sale spanning Sept 4–8, 2026, he sold 5,041 of those shares on Sept 8 at a weighted-average price of $12.70 per share, yielding approximately $64,031 in proceeds (sale was executed in South African Rand and converted to USD at 15.9931 ZAR = 1 USD). A portion of the shares sold was used to satisfy tax obligations arising from the vesting.

Key Details

• Transactions: Award (acquisition) of 5,573 shares on 2026-09-04 (award upon RSU vesting); Sale (open market/pooled) of 5,041 shares on 2026-09-08.
• Sale price: weighted-average $12.70 per share; pooled sale price range Sept 4–8: $12.13–$13.27. Total reported proceeds ≈ $64,031 (USD).
• Currency/FX: Sale executed in ZAR; converted to USD using 15.9931 ZAR = 1 USD (rate as of Sept 8, 2026).
• Tax/timing: Part of the sale was to cover tax withholding on RSU vesting (common "sell-to-cover").
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Filing: Form 4 filed on 2026-09-24 for transactions occurring Sept 4–8, 2026 — this appears to exceed the typical two-business-day filing window for Form 4.
• Footnotes: F1–F4 explain the RSU vesting, sell-to-cover, pooled sale mechanics, and currency conversion. Power of Attorney dated Feb 20, 2026 is incorporated by reference.

Context
These transactions reflect compensation-related RSU vesting (an award/acquisition) followed by customary sales to cover taxes rather than an out-of-pocket purchase or a market-timing sale. Such sell-to-cover activity is routine and does not by itself indicate a change in insider sentiment. Purchases by insiders tend to be more informative about bullish conviction.