Daniel Pretorius, Chief Executive Officer and Director of DRDGOLD Ltd, filed a Form 4 on October 28, 2026, reporting the vesting of conditional share awards and a subsequent open-market sale of ordinary shares on October 27, 2026.

Key Highlights

  • Vesting event: 262,176 Conditional Share Awards granted on October 25, 2023 vested on October 25, 2026, representing 60% of the original award, and were settled in ordinary shares for no consideration.
  • Forfeiture: The remaining 40% of the October 25, 2023 grant, equal to 174,783 Conditional Share Awards, was forfeited without consideration because applicable performance conditions were not fully satisfied.
  • Shares sold: 117,980 ordinary shares were sold on October 27, 2026, at an average price of ZAR 40.7170 per share (reported as $2.4413 per share, converted using the South African Reserve Bank exchange rate in effect on the transaction date).
  • Post-transaction holdings: Following the reported transactions, Pretorius directly beneficially owned 1,144,012 ordinary shares.
  • Future award outstanding: 404,342 Conditional Share Awards remain outstanding, scheduled to vest on October 22, 2027, subject to continued service and performance conditions.

DRDGOLD CEO Pretorius: October 2026 Vesting, Forfeiture, and Share Sale Details

According to the Form 4 filed with the SEC on October 28, 2026, Daniel Pretorius, who serves as Chief Executive Officer and Director of DRDGOLD Ltd (NYSE:DRD), reported two separate transactions tied to Conditional Share Awards previously granted on October 25, 2023 under the company's Equity-settled Long Term Incentive Scheme. On October 25, 2026, the company determined that the applicable performance conditions were satisfied to the extent of 60%, resulting in the vesting of 262,176 awards. Those awards were settled on a one-for-one basis in ordinary shares for no consideration, as the filing states, using transaction code M (exercise or conversion of derivative security).

Simultaneously, the filing reports the forfeiture of the remaining 174,783 Conditional Share Awards, representing 40% of the original grant. The filing describes this disposition, coded J, as occurring "without consideration" following the company's determination that performance conditions were not fully satisfied. Following the vesting and forfeiture, 117,980 of the newly issued ordinary shares were sold on October 27, 2026, in a pooled sale conducted on Pretorius's behalf. The sale price was ZAR 40.7170 per ordinary share on average, which the filing converts to $2.4413 per share using the South African Reserve Bank exchange rate in effect on the transaction date.

After all reported transactions, Pretorius directly held 1,144,012 ordinary shares. The filing also discloses that Pretorius holds 404,342 Conditional Share Awards that are scheduled to vest on October 22, 2027, contingent on his continued service to DRDGOLD or its subsidiaries and the satisfaction of applicable performance conditions. Each Conditional Share Award represents a contingent right to receive one ordinary share of the company.

What Was Disclosed

The filing covers a vesting of 262,176 shares and forfeiture of 174,783 shares from a 2023 long-term incentive grant, a pooled sale of 117,980 ordinary shares at ZAR 40.7170 average, and a remaining award of 404,342 shares scheduled to vest in October 2027.