Darwish Mohamad 4

What Happened
Darwish Mohamad, Executive Vice President and CEO of IHS Nigeria, sold 16,153 shares of IHS on March 18, 2026. The shares were disposed at a weighted average price of $8.18 per share for total proceeds of $132,122. This sale was reported on a Form 4 filed March 20, 2026.

Key Details

• Transaction type: Sale (Code S) on 2026-03-18.
• Price: Weighted average $8.18; individual trade prices ranged $8.17–$8.22.
• Total proceeds: $132,122 (approx.).
• Reason/footnote: Shares sold to cover taxes upon RSU vesting pursuant to a mandatory Rule 10b5-1 trading instruction adopted May 26, 2023 (tax withholding / sell-to-cover).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Form 4 filed on 2026-03-20 (filed within the normal 2‑business‑day window).

Context
This was a routine sell-to-cover tax withholding following the vesting of restricted stock units (RSUs) and executed under a pre-arranged Rule 10b5-1 instruction. Such transactions are common and generally reflect tax obligations rather than a discretionary decision about the company's outlook.