Casteel Julie K 4

What Happened
Julie K. Casteel, Chief Sales and Marketing Officer of IBEX Ltd (IBEX), received a restricted stock award totaling 97,126 shares on February 6, 2026 (transaction code A). The award was granted at $0.00 per share as it vested. One-third of the award vested on Feb 6, 2026; the remaining two-thirds vest on Feb 6, 2027 and Feb 6, 2028, subject to continued service. To satisfy tax withholding upon the Feb 6 vesting, 8,649 shares were withheld/disposed at $34.98 per share, totaling approximately $302,542 (transaction code F).

Key Details

• Transaction date: February 6, 2026. Form 4 filed February 12, 2026. (Form 4 appears to have been filed after the usual two-business-day deadline.)
• Awarded: 97,126 restricted shares (acquisition price reported $0.00).
• Withheld for taxes: 8,649 shares at $34.98/share = ~$302,542 (reported as a disposition to cover tax liability).
• Vesting schedule (footnote): one-third vested 2/6/2026; remaining one-third on 2/6/2027 and one-third on 2/6/2028; vesting contingent on continued service.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction codes: A = award/grant; F = shares withheld for tax withholding.

Context
This was a compensation-related restricted stock vesting, not a market purchase or a deliberate open-market sale. The withholding of 8,649 shares to cover taxes is routine and commonly reported as a disposition on Form 4; it doesn’t necessarily signal a decision to sell other IBEX stock.