Kgabo Moloto, General Manager FWGR Ops. at DRDGOLD Limited (NYSE:DRD), filed a Form 4 on October 28, 2026, disclosing the vesting of conditional share awards and subsequent sale of ordinary shares on October 25 and October 27, 2026, respectively.

Key Highlights

  • Vesting event: 21,999 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 21,999 Ordinary Shares were sold on October 27, 2026, at an average price of ZAR 40.7170 per share (equivalent to $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, representing 14,665 Conditional Share Awards, was forfeited without consideration because performance conditions were not fully satisfied.
  • Remaining holdings: Following all transactions, Moloto holds 0 Ordinary Shares directly and retains 33,927 Conditional Share Awards scheduled to vest on October 22, 2027.

DRDGOLD Officer Moloto Kgabo: Full Details of the October 2026 Award Settlement

According to the filing, Kgabo Moloto's Conditional Share Awards dated October 25, 2023, reached their three-year vesting determination on October 25, 2026. The company determined that the applicable performance conditions were satisfied at 60%, causing 21,999 awards to vest and be settled in Ordinary Shares on a one-for-one basis at no cost to the reporting person. The remaining 40%, totaling 14,665 awards, was forfeited without consideration because performance conditions were not fully satisfied, as described in the filing's explanation of responses.

The filing discloses that the 21,999 Ordinary Shares received upon vesting were subsequently sold on October 27, 2026, as part of a pooled sale conducted on behalf of the reporting person. The average sale price was ZAR 40.7170 per Ordinary Share. For reporting purposes, the price was converted to United States dollars using the South African Reserve Bank exchange rate in effect on the transaction date, yielding $2.4413 per share. Following the sale, Moloto's directly held Ordinary Share balance stands at 0.

The filing also notes that Moloto holds 33,927 Conditional Share Awards granted under the Company's Equity-settled Long Term Incentive Scheme. According to the filing, these awards are scheduled to vest on October 22, 2027, "subject to the Reporting Person's continued service to the Company or its subsidiaries and 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 Form 4 filed October 28, 2026, discloses the vesting and pooled sale of 21,999 DRDGOLD Ordinary Shares by officer Kgabo Moloto, the forfeiture of 14,665 unvested awards, and the existence of 33,927 remaining awards set to vest in October 2027.