Darwish Mohamad 4

What Happened Darwish Mohamad, Executive Vice President and CEO of IHS Nigeria, had RSUs and performance shares vest and then sold shares to cover taxes. The filing shows a grant of 101,495 restricted stock units (RSUs) that fully vested (acquired 101,495 shares at $0). It also reports the exercise/conversion of 10,224 derivative units. On April 7, 2026 he sold 2,560 shares and 25,412 shares in open-market transactions (total 27,972 shares) for combined proceeds of approximately $230,450 (weighted-average price $8.24). These sales were made pursuant to a mandatory Rule 10b5-1 instruction to cover taxes.

Key Details

• Transaction dates: April 6–7, 2026; Form 4 filed April 8, 2026 (appears timely).
• Sales: 2,560 shares for $21,091 and 25,412 shares for $209,359; total proceeds ≈ $230,450. Weighted-average sale price reported $8.24 (individual trades ranged $8.235–$8.26).
• Awards/conversion: 101,495 RSUs granted and shown as vested (acquired at $0); 10,224 shares reported from an exercise/conversion of a derivative, with an offsetting zero-dollar disposition of 10,224 shares recorded in the filing.
• Footnotes: F1—each RSU = one ordinary share; F2—sales were to cover taxes and executed under a mandatory Rule 10b5-1 trading instruction adopted May 26, 2023; F3—price is weighted average across multiple trades; F4—RSUs fully vested.
• Shares owned after transaction: not specified in the information provided in this summary (check the full Form 4 for beneficial ownership totals).

Context

• These sales were tax-withholding/sale-to-cover transactions tied to vesting of RSUs and PSUs and executed under a pre-established 10b5-1 plan—routine actions that do not necessarily indicate a change in the insider’s view of the company. The derivative conversion and matching zero-dollar disposition are commonly reported when shares are issued and immediately withheld or surrendered to satisfy tax or exercise obligations.