Xavier Destriau, Executive Vice President and Chief Finance Officer of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), filed a statement of changes in beneficial ownership on August 26, 2026, reporting a net stock option exercise and same-day sale of ordinary shares on August 24, 2026.

Key Highlights

  • Officer identity: Xavier Destriau, EVP Chief Finance Officer of ZIM Integrated Shipping Services Ltd., is the reporting person.
  • Options exercised: 89,838 stock options with an exercise price of $24.45 (adjusted for a cash dividend under anti-dilution provisions) were exercised on a net basis on August 24, 2026.
  • Shares issued: After shares were withheld to cover the aggregate exercise price, 12,084 ordinary shares were issued to the reporting person.
  • Same-day sale: All 12,084 issued shares were sold on August 24, 2026 at $28.80 per share, with transaction code S.
  • Derivative position post-transaction: Following the transaction, the reporting person holds 0 derivative securities (stock options) beneficially owned directly.
  • Option expiration: The exercised options carried an expiration date of March 8, 2027, and became exercisable on March 9, 2023.

ZIM CFO Option Exercise and Share Disposition Details

According to the filing, Xavier Destriau exercised 89,838 stock options on a net basis on August 24, 2026. The options carried an exercise price of $24.45 per share, which the filing notes "has been adjusted to reflect a cash dividend paid by the Issuer, in accordance with the anti-dilution provisions applicable to this award." ZIM Integrated Shipping Services Ltd. is an international container shipping company whose ordinary shares trade on the New York Stock Exchange.

Because the exercise was conducted on a net basis, the filing discloses that shares were withheld to cover the aggregate exercise price, resulting in the issuance of 12,084 ordinary shares to Destriau. All 12,084 shares received upon exercise were sold on the same day at a price of $28.80 per ordinary share, as reported in Table I of the filing under transaction code S (a sale in the open market). The filing further discloses that following these transactions, Destriau holds 0 stock options beneficially owned directly, as the full option grant of 89,838 shares underlying the derivative was disposed of through the net exercise.

The filing was signed by Meirav Shemesh on behalf of Oppenheimer Israel, acting as attorney-in-fact for the reporting person, and was dated August 26, 2026. The filing indicates this was filed by one reporting person and that no amendment date applies, indicating it is an original filing.

What Was Disclosed

The filing reported a net exercise of 89,838 stock options and the same-day sale of 12,084 resulting ordinary shares at $28.80 each by ZIM's EVP Chief Finance Officer, Xavier Destriau, with all transactions occurring on August 24, 2026.