IBEX Ltd (NASDAQ: IBEX) director earns 1,252 performance-based shares in award
Rhea-AI Filing Summary
IBEX Ltd director Patrick McGinnis reported an equity award. On July 31, 2026, he acquired 1,252 Common Shares when an equal number of performance-based stock units (PSUs) were earned after certification of performance goals for the period ending June 30, 2026 and converted into shares. Following this non-market award, he holds 7,085 Common Shares directly.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 1,252 shares
Net Buy
1 txn
Insider
McGinnis Patrick
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares F1 | 1,252 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares — 7,085 shares (Direct)
Footnotes (1)
- F1. On July 31, 2026, 1,252 performance-based stock units ("PSUs") were earned and acquired by the Reporting Person. These PSUs were earned upon certification of performance goals for the period ending June 30, 2026 and converted to Common shares.
Key Figures
PSUs earned and acquired: 1,252 shares
Common Shares issued from PSU conversion: 1,252 shares
Common Shares held after transaction: 7,085 shares
3 metrics
PSUs earned and acquired
1,252 shares
Performance-based stock units earned and acquired on July 31, 2026
Common Shares issued from PSU conversion
1,252 shares
PSUs converted to IBEX Common Shares upon certification of performance goals
Common Shares held after transaction
7,085 shares
Direct IBEX Common Share holdings of Patrick McGinnis after the award
Key Terms
performance-based stock units, PSUs, certification of performance goals
3 terms
performance-based stock units financial
"1,252 performance-based stock units ("PSUs") were earned and acquired"
Performance-based stock units are company promises to deliver shares or cash to employees or executives only if the business hits specific financial or operational goals over a set period. Like a bonus that only pays out when certain milestones are reached, they link pay to company performance and matter to investors because they can dilute the share count, affect reported earnings when they vest, and signal how management is being incentivized.
PSUs financial
"These PSUs were earned upon certification of performance goals"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
certification of performance goals financial
"earned upon certification of performance goals for the period ending June 30, 2026"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did IBEX (IBEX) director Patrick McGinnis report?
Patrick McGinnis reported acquiring 1,252 IBEX Common Shares on July 31, 2026. These shares came from performance-based stock units (PSUs) that were earned after performance goals were certified and then converted into Common Shares.
What triggered the 1,252 PSUs earned by IBEX (IBEX) director Patrick McGinnis?
The 1,252 PSUs were earned when performance goals for the period ending June 30, 2026 were certified. Once earned, these performance-based stock units automatically converted into an equal number of IBEX Common Shares.
What are Patrick McGinnis’s IBEX (IBEX) holdings after this Form 4 transaction?
After the award, Patrick McGinnis directly holds 7,085 IBEX Common Shares. This total includes the 1,252 shares received from the conversion of earned performance-based stock units on July 31, 2026.
Was the IBEX (IBEX) Form 4 transaction for Patrick McGinnis a market purchase?
No, the transaction reflects a grant of earned PSUs converting into 1,252 Common Shares at $0.00 per share. It represents equity-based compensation tied to performance goals, not an open-market stock purchase.