IBEX COO David Afdahl Receives Performance Award; Withholds Shares

What Happened

• David Martin Afdahl, Chief Operating Officer of IBEX Ltd (IBEX), had 2,646 performance-based stock units (PSUs) vest and convert to common shares on July 31, 2026. Using the closing price that day ($35.34), the converted award is roughly $93,510 in stock value.
• To cover tax withholding on the vested award, 1,304 shares were withheld (disposed) at $35.34 per share, generating a withholding value reported as $46,083. Net increase to Afdahl’s holdings from this vesting was 1,342 shares (2,646 granted minus 1,304 withheld).
• This was an award/vesting event (acquisition) with an associated tax-related disposition, not an open-market buy or voluntary sale.

Key Details

• Transaction date: July 31, 2026. Filing date: August 4, 2026 (timely — within the Form 4 two-business-day requirement).
• Award: 2,646 PSUs converted to shares (code A). Withholding/disposition: 1,304 shares withheld for taxes (code F) at $35.34; reported withholding value $46,083.
• Net shares added: 1,342 shares. The filing excerpt does not state total shares owned after the transaction.
• Footnotes: F1 – PSUs earned upon certification of performance goals for period ending June 30, 2026 and converted to common shares. F2 – shares withheld for tax purposes upon vesting. F3 – $35.34 is the issuer’s closing price on July 31, 2026.

Context

• These types of transactions are routine for equity compensation: PSUs vest when performance goals are met and are often partially withheld to satisfy tax obligations (a non-cash disposition).
• This filing documents the vesting and tax withholding; it does not indicate an intent to buy or sell shares on the market beyond the withholding.