Greenwald Taylor C 4

What Happened

• Taylor C. Greenwald, Chief Financial Officer of IBEX Ltd (IBEX), was granted 5,500 restricted stock units (RSUs) on February 26, 2026. The grant was recorded at $0.00 per share (no cash was paid), representing a contingent right to receive one share of common stock for each RSU upon vesting.

Key Details

• Transaction date: 2026-02-26; Transaction type: Award/Grant (code A); Price: $0.00 per share.
• Shares granted: 5,500 RSUs (each converts to one share upon vesting); total immediate cash value recorded on Form 4: $0.
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnote: RSUs vest 25% on July 1, 2026, then 25% annually for the next three years, subject to continued service. On each vesting date the company will withhold shares to satisfy tax withholding in a non‑discretionary (automatic) manner.
• Filing timeliness: Form 4 was filed on 2026-02-27 for a transaction on 2026-02-26 — within the normal reporting window (not noted as late).

Context

• RSU grants are awards that convert to actual shares only as they vest; they are not open-market purchases or sales and do not immediately change voting interest until shares are delivered.
• Automatic share withholding for taxes will reduce the number of shares the insider receives on each vesting date.
• Such time‑based compensation awards are routine for executives and are primarily a retention/compensation mechanism rather than a direct buy/sell signal.