Afdahl David Martin 4
4 · IBEX Ltd · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
IBEX COO David Afdahl Withholds 1,138 Shares for Taxes
What Happened
David Martin Afdahl, Chief Operating Officer of IBEX Ltd (IBEX), had 1,138 shares withheld by the company on July 1, 2026 to satisfy tax withholding related to the vesting of 2,310 restricted stock units (RSUs). The withheld shares are reported at $31.60 per share, for a total value of $35,961. This was a net share settlement to cover taxes, not an open-market sale by the insider.
Key Details
- Transaction date: July 1, 2026. Filing date: July 6, 2026.
- Reported disposition: 1,138 shares withheld at $31.60 each (total $35,961). Transaction code: F (tax withholding/net share settlement).
- RSUs vested: 2,310 shares; 1,138 shares withheld to satisfy tax liabilities (per footnote). The reporting person did not sell shares to cover taxes.
- Shares owned after transaction: Not specified in the provided filing.
- Timeliness: Filed five days after the transaction; Form 4s are normally due within two business days, so this filing appears later than the standard deadline.
Context
Net share settlements to cover taxes on RSU vesting are routine and represent a tax-related disposition rather than a directional bet on the stock. Because no shares were sold in the open market by the insider, this withholding should not be interpreted as a typical "insider sale" signaling intent to reduce holdings.
Insider Transaction Report
- Tax Payment
Common Shares
[F1]2026-07-01$31.60/sh−1,138$35,961→ 156,164 total
Footnotes (1)
- [F1]Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,310 shares of restricted stock units on July 1, 2026. No shares were sold by the reporting person to satisfy this tax liability.