Dean Lindecke, General Manager Ergo Operations at DRDGOLD Ltd, filed a Form 4 on October 28, 2026, reporting the vesting of 48,948 Conditional Share Awards, their settlement in ordinary shares, and the subsequent sale of all 48,948 shares on October 27, 2026.

Key Highlights

  • Vesting event: 48,948 Conditional Share Awards vested on October 25, 2026, representing 60% of awards originally granted on October 25, 2023 under the Company's Equity-settled Long Term Incentive Scheme.
  • Settlement: The vested awards were settled on a one-for-one basis in ordinary shares for no consideration.
  • Sale: All 48,948 ordinary shares were sold on October 27, 2026, at an average price of ZAR 40.7170 per share, reported in USD as $2.4413 per share using the South African Reserve Bank exchange rate on the transaction date.
  • Forfeiture: The remaining 40% of the October 25, 2023 grant, equal to 32,631 Conditional Share Awards, was forfeited without consideration because the applicable performance conditions were not fully satisfied.
  • Remaining holdings: Following all reported transactions, Lindecke holds 0 ordinary shares directly and 104,957 Conditional Share Awards scheduled to vest on October 22, 2027.

DRDGOLD Officer Lindecke Reports Award Vesting, Forfeiture, and Full Share Sale

According to the filing, Dean Lindecke, serving as General Manager Ergo Operations at DRDGOLD Ltd (NYSE:DRD), reported two distinct outcomes from Conditional Share Awards originally granted on October 25, 2023. On October 25, 2026, the company determined that the applicable performance conditions were satisfied to the extent of 60%, resulting in the vesting of 48,948 awards. These were settled in ordinary shares on a one-for-one basis for no consideration. The remaining 32,631 awards, representing the 40% where performance conditions were not fully satisfied, were forfeited without consideration on the same date.

The filing further discloses that all 48,948 ordinary shares received upon vesting were sold on October 27, 2026, as part of a pooled sale conducted on the reporting person's behalf. The average sale price was ZAR 40.7170 per ordinary share. The filing notes that the transaction was denominated in South African rand and that the USD equivalent of $2.4413 per share was converted using the South African Reserve Bank exchange rate in effect on the transaction date.

Following all reported transactions, Lindecke directly holds zero ordinary shares, according to the filing. The filing also discloses that Lindecke holds 104,957 Conditional Share Awards granted under the Company's Equity-settled Long Term Incentive Scheme, each representing a contingent right to receive one ordinary share. Those awards are scheduled to vest on October 22, 2027, subject to continued service and satisfaction of applicable performance conditions, as stated in the filing.

What Was Disclosed

This Form 4 covers the October 25, 2026 vesting and partial forfeiture of 2023 Conditional Share Awards held by DRDGOLD officer Dean Lindecke, the October 27, 2026 pooled sale of all resulting shares, and the remaining 104,957 awards scheduled to vest in 2027.