DRDGOLD Limited's Head of Technical Services, Kevin Kruger, filed a Form 4 on October 28, 2026, disclosing the vesting of conditional share awards, the sale of 73,830 ordinary shares, and the forfeiture of a remaining award tranche.

Key Highlights

  • Vesting event: 73,830 Conditional Share Awards granted on October 25, 2023 vested on October 25, 2026, representing 60% of the original award, and were settled one-for-one in ordinary shares for no consideration.
  • Shares sold: All 73,830 ordinary shares were sold on October 27, 2026, at an average price of ZAR 40.7170 per share (USD $2.4413 per share at the South African Reserve Bank exchange rate on the transaction date).
  • Award forfeiture: The remaining 40% of the October 25, 2023 grant, equaling 49,219 Conditional Share Awards, was forfeited without consideration because the applicable performance conditions were not fully satisfied.
  • Resulting ownership: Following these transactions, Kruger directly holds 9,240 ordinary shares.
  • Future award outstanding: Kruger holds 186,908 Conditional Share Awards scheduled to vest on October 22, 2027, subject to continued service and satisfaction of performance conditions.
  • Issuer and exchange: DRDGOLD LTD trades under the ticker DRD; the filing does not specify the exchange name in the registered-securities table beyond the ticker symbol DRD.

DRDGOLD Long-Term Incentive Awards: Vesting, Sale, and Forfeiture for Kevin Kruger

According to the filing, Kevin Kruger, Head of Technical Services at DRDGOLD Limited, received 73,830 ordinary shares on October 25, 2026, when that portion of his Conditional Share Awards vested under the company's Equity-settled Long Term Incentive Scheme. The filing states the vested shares represented 60% of the Conditional Share Awards originally granted to him on October 25, 2023, settled on a one-for-one basis for no consideration, based on the company's determination that applicable performance conditions were satisfied to that extent.

Two days later, on October 27, 2026, all 73,830 ordinary shares were sold on Kruger's behalf as part of a pooled sale, the filing discloses. The average sale price was ZAR 40.7170 per ordinary share. For reporting purposes, this was converted to USD $2.4413 per share using the South African Reserve Bank exchange rate in effect on the transaction date, according to the filing's footnotes. Simultaneously, the remaining 40% of the 2023 grant, comprising 49,219 Conditional Share Awards, was forfeited without consideration following the company's determination that performance conditions were not fully met.

The filing also reports that Kruger holds an additional 186,908 Conditional Share Awards under the same 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 Kruger's continued service to the company or its subsidiaries and the satisfaction of applicable performance conditions, according to the filing. After all reported transactions, Kruger's direct beneficial ownership stands at 9,240 ordinary shares.

What Was Disclosed

The Form 4 filed October 28, 2026 covers three transactions for Kevin Kruger of DRDGOLD Limited: the vesting and settlement of 73,830 Conditional Share Awards, the sale of those shares at ZAR 40.7170 average price, and the forfeiture of 49,219 remaining awards from the same 2023 grant.