Sasol (SSL) EVP Herrmann Christiaan Horst Sells 3,300 ADRs

What Happened
Herrmann Christiaan Horst, Executive Vice President, Marketing and Sales of Sasol Ltd. (SSL), had 3,434 ADRs vest/awarded under the Sasol 2022 Long-Term Incentive Plan on September 28, 2026, and sold 3,300 ADRs that same day in a pooled open-market sale. The reported weighted-average sale price was $14.09 per ADR, for total proceeds of $46,495. The filing records the award/vesting as a derivative acquisition (A) and the sale as an open-market disposition (S).

Key Details

• Transaction date: September 28, 2026; Form 4 filed October 1, 2026.
• Sale: 3,300 ADRs sold at a weighted-average price of $14.09, total proceeds $46,495.
• Award/Vesting: 3,434 ADRs awarded/vested the same day under the Sasol 2022 LTIP.
• Shares owned after transaction: Not specified in the information provided.
• Notable footnotes:
  • ADRs are convertible 1:1 into ordinary shares and have no expiration (F1).
  • ADRs were acquired upon certification of performance conditions and vesting under the Plan (F2).
  • The seller disposed of 3,300 ADRs upon vesting; a portion of those shares was used to satisfy tax obligations (F3, F4).
  • The sale was executed as a pooled sale with a reported weighted-average price; day high/low were $14.03 / $14.14 (F4).
• Power of Attorney dated Feb 20, 2026 is incorporated by reference.

Context
This filing shows a routine vesting of performance-based ADRs and a near-immediate sale of most of those vested ADRs, with some shares surrendered to cover taxes. Such transactions are common for compensatory awards and do not, by themselves, indicate the insider’s broader view of the company. The derivative/award line reflects vesting under the LTIP rather than a cash purchase.