Darwal Michael Joseph 4
4 · IBEX Ltd · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
IBEX (IBEX) Chief AI & Digital Officer Darwal Sells Shares, Receives RSUs
What Happened Darwal Michael Joseph, IBEX's Chief AI & Digital Officer, reported both a small sale and two awards in filings covering Feb 6–11, 2026. On Feb 6 he disposed of 1,660 shares in an open-market sale at $34.98 each for proceeds of $58,067. He also acquired 12,149 shares on Feb 6 (restricted/performance stock vesting) and was granted 25,000 Restricted Stock Units (RSUs) on Feb 11 — a combined 37,149 shares awarded at $0.00 (awards/grants, not purchases). The sale appears to have been related to tax withholding for the vesting award (see footnote).
Key Details
- Transactions reported: Feb 6, 2026 (1,660 shares sold @ $34.98; 12,149 shares acquired via vesting @ $0.00) and Feb 11, 2026 (25,000 RSUs granted @ $0.00).
- Sale proceeds: 1,660 × $34.98 = $58,067.
- Total shares awarded/granted: 12,149 (vested performance shares) + 25,000 (RSUs) = 37,149.
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes: F1 — 25,000 RSUs granted 2/11/2026; vest 25% each year starting 2/11/2027, subject to continued service. F2 — 12,149 shares reflect vesting of a 4/20/2022 performance-share award; one‑third vested 2/6/2026, with remaining one‑third vesting in Feb 2027 and Feb 2028, subject to continued service and prior performance conditions. F3 — 1,660 shares were withheld/sold for tax purposes upon vesting.
- Filing timeliness: Form was filed 2026-02-12. The Feb 11 grant was reported promptly; the Feb 6 vesting/sale was reported later than the typical 2-business-day Form 4 deadline (filed 6 days after the Feb 6 transactions).
Context
- The acquisitions were awards/vesting (not cash purchases), so they reflect compensation and performance-based vesting rather than an open-market buy signal.
- The 1,660-share disposal was tied to tax withholding on vesting (routine administrative sale), not necessarily a directional bet on the stock.
- Performance shares and RSUs are subject to continued service and, for the performance award, prior revenue/EBITDA targets as noted in the filing.
Insider Transaction Report
Form 4
IBEX LtdIBEX
Darwal Michael Joseph
Chief AI & Digital Officer
Transactions
- Award
Common Shares
[F1]2026-02-11+25,000→ 31,696 total - Award
Common Shares
[F2]2026-02-06+12,149→ 43,845 total - Sale
Common Shares
[F3]2026-02-06$34.98/sh−1,660$58,067→ 42,185 total
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") granted on February 11, 2026. Each RSU represents a contingent right to receive one share of the Company's Common Stock. 25% of the RSUs vest on February 11, 2027, with an additional 25% of the RSUs vesting annually thereafter, all subject to the Reporting Person's continued service through the final vesting date.
- [F2]Reporting Person received this restricted stock award in connection with the vesting of an April 20, 2022 performance share award upon the attainment of certain Issuer Revenue and EBITDA targets for the trailing four (4) quarters. One-third of these shares vested on February 6, 2026. The remaining shares will vest one-third on February 6, 2027 and one-third on February 6, 2028. Vesting of performance share awards and shares issued in respect thereof is subject to the Reporting Person's continued service to the Company with Issuer through the applicable vesting date.
- [F3]Represents shares withheld for tax purposes upon vesting of restricted stock grant.
Signature
Lisa Lenstrohm, Attorney-in-Fact|2026-02-12