Trofimuk-O'Connor Christina Alice 4

What Happened

• Christina Trofimuk‑O'Connor, Chief Legal Officer of IBEX Ltd (IBEX), received a restricted stock award when one‑third of a 2022 performance share grant vested on Feb 6, 2026. The filing shows an acquisition of 19,557 shares (award, $0 acquisition price).
• To cover tax withholding on the vesting, 2,176 shares were withheld/disposed at $34.98 per share, totaling $76,116. The award itself is an issuance (not an open‑market purchase).

Key Details

• Transaction date: Feb 6, 2026.
• Award: 19,557 restricted shares issued (reported as acquired at $0).
• Tax withholding: 2,176 shares withheld at $34.98 each → $76,116 surrendered to cover taxes.
• Vesting schedule: This was one‑third of an April 20, 2022 performance award. Remaining one‑third vests Feb 6, 2027 and final one‑third vests Feb 6, 2028, subject to continued service and attainment of Revenue/EBITDA targets (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing date: Feb 12, 2026 (transaction reported for Feb 6, 2026). Form 4s are typically due within two business days of the transaction; this filing was submitted six days after the vesting date.

Context

• This was a performance‑based restricted stock vesting (code A) with routine tax withholding (code F). Such vesting reflects achievement of company performance metrics and continued service requirements, not an open‑market buy or sell.
• The withheld shares to cover taxes are a common administrative step and do not necessarily signal a change in the insider’s view of the company.