ZIM (NYSE: ZIM) CFO sells 12,084 shares from option exercise
Rhea-AI Filing Summary
ZIM Integrated Shipping Services Ltd. (ZIM) reported that EVP Chief Finance Officer Destriau Xavier exercised 89,838 stock options on a net basis on 2026-08-24 at an exercise price of $24.45 per share. Shares were withheld to cover the exercise price, and 12,084 ordinary shares were issued and then sold the same day at $28.80 per share. The filing indicates no shares remaining from these exercised options or from the reported sale, and it states that the transactions were not under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
2 txns
Insider
Destriau Xavier
Role
EVP Chief Finance Officer
Sold
12,084 shs ($348K)
Approx. gross sale proceeds
$348K
Approx. exercise cost
$2.20M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2, F1 | 89,838 | $0.00 | $0.00 |
| Sale | Ordinary Shares F3 | 12,084 | $28.80 | $348K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Ordinary Shares — 0 shares (Direct)
Footnotes (3)
- F1. The reporting person exercised 89,838 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 12,084 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
- F2. The exercise price reflected above has been adjusted to reflect a cash dividend paid by the Issuer, in accordance with the anti-dilution provisions applicable to this award.
- F3. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 12,084 shares, all of which were sold on the same day.
Key Figures
Stock options exercised: 89,838 options
Exercise price per share: $24.45 per share
Shares issued upon exercise: 12,084 shares
+4 more
7 metrics
Stock options exercised
89,838 options
Exercised on a net basis on 2026-08-24
Exercise price per share
$24.45 per share
Exercise or conversion price of stock options exercised on 2026-08-24
Shares issued upon exercise
12,084 shares
Ordinary shares issued after net exercise of 89,838 options
Sale price per share
$28.80 per share
Price for sale of 12,084 ordinary shares on 2026-08-24
Shares sold
12,084 shares
Ordinary shares sold on 2026-08-24 after option exercise
Options following transaction
0 options
Stock Option (Right to Buy) position reported after 2026-08-24 exercise
Shares following sale (reported line)
0 shares
Ordinary Shares line in the filing after sale of 12,084 shares
Key Terms
Stock Option (Right to Buy), net basis, anti-dilution provisions, exercise price
4 terms
Stock Option (Right to Buy) financial
"The security title is listed as "Stock Option (Right to Buy)""
net basis financial
"The reporting person exercised 89,838 stock options on a net basis."
anti-dilution provisions financial
"in accordance with the anti-dilution provisions applicable to this award."
Anti-dilution provisions are contract terms that protect an investor’s percentage ownership when a company issues new shares at a lower price than the investor originally paid. They work like an automatic recalculation of split pieces when a pie gets cut into more slices, preserving the investor’s relative stake and reducing unexpected losses of ownership and voting power, which matters because it affects potential control, future returns, and valuation of an investment.
exercise price financial
"Shares were withheld to cover the aggregate exercise price, resulting in the issuance"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transactions did ZIM (ZIM) report for Destriau Xavier on August 24, 2026?
On 2026-08-24, EVP Chief Finance Officer Destriau Xavier exercised 89,838 stock options on a net basis and received 12,084 ordinary shares, all of which were sold the same day at $28.80 per share.
How many ZIM (ZIM) stock options did Destriau Xavier exercise and at what price?
Destriau Xavier exercised 89,838 stock options with an exercise price of $24.45 per share. The exercise was done on a net basis, with shares withheld to cover the aggregate exercise price.
Were Destriau Xavier’s ZIM (ZIM) transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not selected, and there is no footnote indicating that the 2026-08-24 transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What happened to the ZIM (ZIM) stock options after Destriau Xavier’s August 24, 2026 exercise?
The filing reports an exercise of 89,838 stock options into 12,084 ordinary shares on a net basis, with shares withheld to cover the exercise price. The derivative position from this specific option award shows 0 options remaining following the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
