Henry Gouws, Head of Production and Director of Ergo at DRDGOLD Ltd, filed a Form 4 on October 28, 2026, reporting the vesting of conditional share awards on October 25, 2026, a pooled sale of ordinary shares on October 27, 2026, and a partial forfeiture of the same award grant.

Key Highlights

  • Vesting event: 89,160 Conditional Share Awards granted on October 25, 2023 vested on October 25, 2026, representing 60% of that original award, and were settled one-for-one in Ordinary Shares for no consideration.
  • Pooled sale: All 89,160 vested Ordinary Shares were sold on October 27, 2026, at an average price of ZAR 40.7170 per share, reported as $2.4413 per share after conversion using the South African Reserve Bank exchange rate on the transaction date.
  • Partial forfeiture: The remaining 40% of the October 25, 2023 grant, equal to 59,440 Conditional Share Awards, was forfeited without consideration because the applicable performance conditions were not fully satisfied.
  • Remaining direct ownership: Following all reported transactions, Gouws directly holds 3,050 Ordinary Shares.
  • Future awards outstanding: Gouws holds 186,908 Conditional Share Awards scheduled to vest on October 22, 2027, subject to continued service and satisfaction of applicable performance conditions.

DRDGOLD Long-Term Incentive Awards Partially Vest for Gouws in October 2026

According to the filing, Henry Gouws, who serves as Head of Production and Director of Ergo at DRDGOLD Ltd (NYSE:DRD), reported two transactions tied to Conditional Share Awards originally granted on October 25, 2023 under the company's Equity-settled Long Term Incentive Scheme. On October 25, 2026, the company determined that applicable performance conditions were satisfied for 60% of that grant, causing 89,160 awards to vest and settle on a one-for-one basis in Ordinary Shares at no cost to the reporting person.

Two days later, on October 27, 2026, the filing discloses that those 89,160 Ordinary Shares were sold through a pooled sale conducted on Gouws's behalf. The underlying transaction was denominated in South African rand, with an average sale price of ZAR 40.7170 per Ordinary Share. For reporting purposes, the price was converted to $2.4413 per share using the South African Reserve Bank exchange rate in effect on the transaction date, according to the filing.

Separately, the filing reports that the remaining 40% of the October 25, 2023 grant, comprising 59,440 Conditional Share Awards, was forfeited without consideration after the company determined that the applicable performance conditions were not fully satisfied. After all reported transactions, Gouws directly owns 3,050 Ordinary Shares. He also retains 186,908 Conditional Share Awards granted under the same long-term incentive scheme, which are scheduled to vest on October 22, 2027, contingent on continued service and performance conditions, the filing states.

What Was Disclosed

The filing covers the October 25, 2026 vesting and settlement of 89,160 Conditional Share Awards, a pooled sale of those shares on October 27, 2026, and the forfeiture of 59,440 remaining awards from the same 2023 grant, leaving Gouws with 3,050 Ordinary Shares held directly.