Abu-Ghazaleh Ahmad 4

What Happened
Director Ahmad Abu‑Ghazaleh reported a series of derivative and award transactions in early May 2026. On May 4, 2026 he was recorded as receiving a grant of 3,717 derivative units (reported as an acquisition at $0.00) related to Restricted Stock Units (RSUs). On May 5, 2026 the filing shows exercise/conversion activity: he acquired 4,489 and 149 shares (each at $0.00) and the filing also reports corresponding disposals of approximately the same amounts the same day. All transactions are reported at $0.00 per share (stock‑settlement/derivative conversion rather than a cash purchase).

Key Details

• Transaction dates: May 4, 2026 (grant/award); May 5, 2026 (exercise/conversion and matching disposals).
• Prices reported: $0.00 for all entries (derivative conversion/award).
• Shares involved: 3,717 (grant); 4,489 and 149 acquired via exercise/conversion; matching disposals of ~4,489 and ~149 shares on May 5.
• Shares owned after transaction: Not stated in the summary data provided in this filing.
• Notable footnotes from the filing:
  • 0.2267 Dividend Equivalent Units (DEUs) were paid in cash due to fractional shares (F1).
  • Each DEU represents a contingent right to one ordinary share and is tied to the underlying RSUs and their vesting (F2).
  • 149.2267 shares were acquired through a dividend reinvestment plan (F3).
  • The RSUs convert to ordinary shares on a one‑for‑one basis (F4).
  • Some RSUs vested on May 5, 2025; others shall vest on May 4, 2026 per the grant terms (F5, F6).
• Filing timeliness: Report filed May 6, 2026 for transactions on May 4–5, 2026; no late filing flag indicated in the provided data.

Context

• The filing mixes awards (RSU/DEU grant) and derivative conversions/exercises. RSU/DEU grants and conversions at $0.00 typically represent stock settlement of compensation rather than open‑market purchases.
• The filing shows that shares converted on May 5 were also disposed of that same day in equal amounts, which commonly reflects immediate transfer or sale following conversion (the filing records the disposals but does not specify the reason).
• These entries are compensation/derivative related and should be interpreted differently than open‑market purchases or outright sales by an insider; they document changes in beneficial ownership tied to company compensation and dividend reinvestment mechanisms.