DRDGOLD Limited filed a Form 6-K with the U.S. Securities and Exchange Commission on October 28, 2026, disclosing the vesting and pooled on-market sale of 510,105 ordinary shares by executive directors, a prescribed officer, the company secretary, and subsidiary directors under its long-term incentive scheme, alongside the availability of its B-BBEE annual compliance report.

Key Highlights

  • 60% vesting rate: Following assessment of DRDGOLD performance conditions for the financial year ended 30 June 2026, 60% of the Awards eligible for vesting vested on 27 October 2026.
  • 510,105 shares sold: A total of 510,105 DRDGOLD ordinary shares were disposed of through a pooled on-market sale on 27 October 2026.
  • Total sale value R20,769,945.29: The aggregate proceeds from the pooled sale amounted to R20,769,945.29, based on a VWAP of R40.7170 per share, with a highest price of R40.85 and a lowest price of R40.70.
  • Awards granted 25 October 2023: The conditional shares sold were originally awarded on 25 October 2023, comprising 80% performance shares and 20% retention shares, vesting three years after grant date.
  • Largest individual disposal: CEO Niel Pretorius sold 117,980 shares for a total value of R4,803,791.66, the largest single allocation in the pooled sale.
  • Zero exercise price: Vested awards were settled in the form of DRDGOLD ordinary shares at a zero-exercise price, per the filing.
  • B-BBEE report available: The company's annual compliance report under the Broad-Based Black Economic Empowerment Act, No. 53 of 2003, as amended, is available on the DRDGOLD website.

DRDGOLD LTI Scheme Vesting and Pooled Share Sale: October 2026 Details

According to the filing, DRDGOLD Limited (NYSE:DRD) disclosed that conditional shares awarded on 25 October 2023 under its equity-settled long-term incentive scheme ("LTI Scheme"), as approved by shareholders on 2 December 2019, reached their three-year vesting date. The awards consisted of performance shares (80% of the total) and retention shares (20% of the total). Following assessment of the applicable DRDGOLD performance conditions for the financial year ended 30 June 2026, 60% of the eligible awards vested on 27 October 2026, with vested shares settled at a zero-exercise price.

The filing further disclosed that various participants elected to dispose of all or a portion of their vested shares. To facilitate these disposals, a pooled sale arrangement was put in place, with an independent third party executing the sales through various on-market trades on 27 October 2026. The 510,105 shares sold generated total proceeds of R20,769,945.29, at a VWAP of R40.7170, a highest price of R40.85, and a lowest price of R40.70. Proceeds were apportioned to participants based on the number of shares each disposed of. The filing notes that "prior clearance to deal was obtained from the chairman of the board of directors of DRDGOLD" in compliance with paragraph 6.83 of the JSE Limited Listings Requirements, and that "the nature and extent of the Participants' interest in the abovementioned transactions is direct beneficial."

Among the named participants, prescribed officer Jaco Schoeman sold 94,575 shares for R3,850,810.28, and Henry Gouws of Ergo Mining and Far West Gold Recoveries sold 89,160 shares for R3,630,327.72. Company secretary Kgomotso Mbanyele disposed of 17,751 shares for R722,767.47. The filing also advises shareholders that the company's B-BBEE annual compliance report, prepared pursuant to section 13G(2) of the Broad-Based Black Economic Empowerment Act, No. 53 of 2003, as amended, is available on the DRDGOLD website. The report was signed by Chief Financial Officer Henriette Hooijer on behalf of DRDGOLD Limited.

What Was Disclosed

DRDGOLD filed a Form 6-K on October 28, 2026, reporting the vesting of LTI scheme awards and the pooled on-market sale of 510,105 shares on 27 October 2026 for total proceeds of R20,769,945.29, with individual allocations detailed for directors, a prescribed officer, and the company secretary. The filing also noted availability of the company's B-BBEE annual compliance report.