Shoprite executives receive substantial share awards

Shoprite Holdings Limited issued a notice detailing the grant and acceptance of forfeitable share awards across three categories: Executive Share Plan, Short-term Deferred Incentive, and Retention Share Awards. These transactions, effective September 19, 2025, involved ordinary shares priced at R285.37 per share, with vesting periods of two or three years. All recipients obtained prior clearance for these direct beneficial transactions.

A significant portion of the awards falls under the Executive Share Plan. Executive director Anton De Bruyn received 25,880 performance-based awards valued at R7,385,375.60. Pieter Engelbrecht, also an executive director, was granted 62,177 performance-based awards worth R17,743,450.49. In total, 11 individuals received awards under this plan, including directors of the main subsidiary, Shoprite Checkers.

Additional awards were granted under the Short-term Deferred Incentive and Retention Share Awards. Pieter Engelbrecht again featured prominently in the deferred incentive category, receiving 54,728 deferral of performance-based awards valued at R15,617,729.36. Jacques Pienaar received 1,227 retention-based awards totaling R350,148.99. The total value of awards across all plans represents a significant compensation event for the company’s leadership.