IBEX Director Karen Batungbacal Receives 1,252 Shares

What Happened
Karen Batungbacal, a director of IBEX Ltd (IBEX), had 1,252 performance-based stock units (PSUs) earn out and convert to common shares on July 31, 2026. The Form 4 reports an acquisition of 1,252 shares at an acquisition price of $0.00 (these were awards that vested on certification of performance goals rather than an open‑market purchase).

Key Details

• Transaction date: July 31, 2026; Form 4 filed August 4, 2026 (appears late relative to the usual 2-business-day reporting requirement).
• Transaction type/code: Award/Grant/Acquisition (A).
• Shares acquired: 1,252; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: The PSUs were earned upon certification of performance goals for the period ending June 30, 2026 and converted to common shares.
• No indication of tax withholding, open-market sale, or 10b5-1 plan in the filing.

Context
PSUs are compensation that vest when company performance targets are met; their conversion to shares is standard executive/director compensation and not the same as a buy or sell in the open market. Because the reported acquisition price is $0, this reflects earned compensation rather than a cash purchase and should be viewed as part of regular executive pay disclosures rather than a direct trading signal.