FirstRand executives boost holdings to settle incentive plan tax

Directors and prescribed officers at FirstRand, including Mary Vilakazi, Markos George Davias, Emmarentia Aletta Brown, and company secretary Carnita Low, acquired FirstRand ordinary shares on September 22, 2025. These acquisitions were made to settle tax obligations arising from awards under FirstRand's 2022 conditional incentive plan. The on-market purchases saw prices ranging from a high of R81.88 to a low of R78.94.

Mary Vilakazi purchased 133,734 shares for a total of R10,839,903.49, while Markos George Davias acquired 68,847 shares totaling R5,580,454.88. Emmarentia Aletta Brown purchased 124,905 shares for R10,124,202.28, and Carnita Low acquired 42,922 shares valued at R3,482,698.50. Hetash Surendrakumar Kellan, a prescribed officer, acquired 150,009 shares for R12,159,018.76.

Additionally, Ms. Vilakazi received a one-off restricted share allocation of R18 million for the year ended June 30, 2025, to be settled in three annual tranches of R6 million. This allocation involved the on-market purchase of 73,753 restricted ordinary shares for R5,978,100.00. All transactions were direct beneficial and clearance was obtained.