ZIM CFO Xavier Destriau Exercises Options, Sells 12,084 Shares

What Happened

• Xavier Destriau, Executive Vice President & Chief Finance Officer of ZIM Integrated Shipping Services (ZIM), exercised 89,838 stock options and, after net settlement/withholding, received 12,084 shares which he sold the same day in an open-market transaction. The 12,084 shares were sold at $28.80 each for total proceeds of $348,019.

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-08-26.
• Sale: 12,084 shares sold at $28.80 for $348,019 (transaction code S).
• Option exercise: 89,838 options exercised (transaction code M); net issuance resulted in 12,084 shares.
• Exercise mechanics: Shares were withheld to cover the aggregate exercise price (net/cashless exercise); exercise price shown was adjusted for a cash dividend per footnote.
• Shares owned after transaction: Not specified in the provided details.
• Footnotes: F1/F3 confirm net exercise and withholding covered the exercise price; F2 notes the exercise price was adjusted for a cash dividend.

Context

• This was an option exercise followed immediately by a sale of the shares issued on exercise (a cashless/net exercise). Such sell-to-cover transactions are commonly used to pay exercise costs and tax withholding and do not necessarily signal a change in insider conviction. Transaction codes: M = option exercise, S = sale; F = withholding/tax settlement.