Impala Platinum Holdings, the Johannesburg-listed platinum group metals producer, has disclosed share transactions by its executives and senior officers involving R133.58 million ($8.05 million) following the vesting of shares under its long-term incentive schemes.

In a regulatory announcement dated October 13, 2026, Implats said the transactions took place on October 7, following the vesting of awards under its Bonus Share Plan and Performance Share Plan. The shares were sold at R186.9399 ($11.25) apiece, with some executives retaining portions of their awards to meet minimum shareholding requirements or deferring vesting until 2030.

Executives sell shares worth millions

Executive Director Nico J. Muller sold 73,211 shares under the Bonus Share Plan (BSP) for R13.69 million ($824,281) and another 66,741 shares under the Performance Share Plan (PSP) for R12.48 million ($751,416). Executive Director Meroonisha Kerber sold 18,642 bonus shares worth R3.48 million ($209,532) and 16,819 performance shares valued at R3.14 million ($189,061). He retained 21,450 bonus shares and 19,351 performance shares, with the sales intended to cover taxes on the vested awards.

Executive Director Lee-Ann Samuel sold 32,099 bonus shares worth R6 million ($361,454) and 29,307 performance shares valued at R5.48 million ($330,201). Among prescribed officers, T Hill sold 51,548 bonus shares worth R9.64 million ($580,710) and 32,446 performance shares valued at R6.07 million ($365,720). A Mhembere’s bonus share award involved 45,442 shares worth R8.49 million ($511,571), while 48,992 performance shares valued at R9.16 million ($551,944) were transferred to his personal brokerage account.

Other officers also participated in the transactions. SP Morutlwa’s 10,000 bonus shares were committed toward the minimum shareholding requirement, with vesting deferred until January 1, 2030. He also deferred 29,305 performance shares for the same purpose.

Senior officers retain portions of awards

K Chilvers sold 10,980 bonus shares worth R2.05 million ($123,525) and 8,600 performance shares valued at R1.61 million ($97,011), retaining 12,635 and 9,895 shares, respectively, to cover tax obligations through the sales. Company Secretary TT Llale sold 6,507 bonus shares worth R1.22 million ($73,512) and 4,643 performance shares valued at R867,962 ($52,300), retaining 7,489 and 5,343 shares, respectively.

Prescribed Officer MM Motlhageng sold 32,111 bonus shares worth R6 million ($361,454) and 29,308 performance shares valued at R5.48 million ($330,222). SE Sibiya sold 25,080 bonus shares worth R4.69 million ($282,617) and 19,306 performance shares valued at R3.61 million ($217,555), while J Theron sold 28,610 bonus shares worth R5.35 million ($322,411) and 26,389 performance shares valued at R4.93 million ($297,100).

P Zvandasara, an executive director of Zimplats Holdings, an Implats subsidiary, sold 20,809 bonus shares worth R3.89 million ($234,426) and 25,876 performance shares valued at R4.84 million ($291,671). Implats said the sales coincided with purchases of shares for new long-term incentive awards, with transactions netted using the three-day volume-weighted average share price.

The company also corrected an earlier disclosure, reporting that nine additional performance shares had been deferred for Morutlwa, valued at R2,178.18 ($131.25).

Implats, one of the world’s major platinum group metals producers, operates across Southern Africa, with interests in mining, refining and associated operations. Its incentive plans link executive remuneration to share ownership and long-term performance.