IHS (IHS) CFO Stephen Howden details initial share and RSU holdings

Rhea-AI Filing Summary

IHS Holding Ltd’s new EVP and Chief Financial Officer, Stephen J. Howden, has filed an initial Form 3 detailing his equity interests. He reports direct ownership of 349,459 Ordinary Shares and several Restricted Stock Unit (RSU) awards covering 50,821, 66,667 and 9,570 underlying Ordinary Shares.

Each RSU represents a right to receive one Ordinary Share, with vesting dates on April 6, 2026, March 15, 2027, and in equal annual installments on March 18, 2027 and March 18, 2028. The RSUs have a stated exercise price of zero, reflecting their nature as share-based compensation rather than options.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Howden Stephen J

Role EVP, Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 50,821 shares (Direct); Ordinary Shares — 349,459 shares (Direct)

Footnotes (1)

1. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on March 15, 2027. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest in equal annual installments on March 18, 2027 and March 18, 2028. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on April 6, 2026.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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1. Name and Address of Reporting Person^*

Howden Stephen J

(Last) (First) (Middle)

1 CATHEDRAL PIAZZA

123 VICTORIA STREET

(Street)

LONDON SW1E 5BP

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
IHS Holding Ltd [ IHS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	349,459	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Ordinary Shares	50,821	(1)	D
Restricted Stock Units	(2)	(2)	Ordinary Shares	66,667	(2)	D
Restricted Stock Units	(3)	(3)	Ordinary Shares	9,570	(3)	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on March 15, 2027.

2. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest in equal annual installments on March 18, 2027 and March 18, 2028.

3. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on April 6, 2026.

	/s/ Steve Howden	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Stephen J. Howden’s Form 3 for IHS reveal?

The Form 3 shows that Stephen J. Howden, EVP and CFO of IHS Holding Ltd (IHS), holds 349,459 Ordinary Shares directly and several RSU awards linked to additional Ordinary Shares. These RSUs vest between April 6, 2026 and March 18, 2028 as long-term compensation.

How many IHS Ordinary Shares does Stephen J. Howden directly own on his Form 3?

Stephen J. Howden reports direct ownership of 349,459 IHS Ordinary Shares on his Form 3. This figure reflects his existing equity stake, separate from any Restricted Stock Units, which represent additional contingent rights to receive Ordinary Shares in the future as they vest.

What Restricted Stock Units are reported in Stephen J. Howden’s IHS Form 3?

The Form 3 lists three RSU awards tied to 50,821, 66,667, and 9,570 underlying Ordinary Shares. Each RSU converts into one Ordinary Share upon vesting, providing deferred equity compensation that increases his potential ownership as vesting conditions are satisfied over time.

When do Stephen J. Howden’s IHS RSUs vest according to the filing?

The RSUs vest on specific dates: one award vests on April 6, 2026, another on March 15, 2027, and a third in equal annual installments on March 18, 2027 and March 18, 2028. Vesting schedules encourage longer-term alignment with IHS’s performance.

What does a zero exercise price mean for IHS RSUs in this Form 3?

The RSUs list an exercise price of 0.0000, meaning Stephen J. Howden does not pay cash to receive shares upon vesting. Instead, each vested RSU automatically delivers one Ordinary Share, emphasizing their role as compensation rather than traditional stock options requiring a purchase payment.

Does Stephen J. Howden’s IHS Form 3 show any recent share purchases or sales?

The Form 3 primarily records holdings, not recent purchases or sales. Transactions are classified as “holding” entries, with no buy or sell codes and a neutral net buy/sell direction. The filing establishes his initial ownership position as an IHS reporting insider and outlines existing RSU awards.