Director William Hayes receives 561-share stock grant at Royal Gold (RGLD)

Rhea-AI Filing Summary

Royal Gold Inc. director William M. Hayes received an equity award of 561 shares of common stock. The Form 4 reports this as a grant or award acquisition at a price of $0.00 per share. According to the footnote, the restricted stock vests one-half on the grant date and one-half on the first anniversary of the grant date, bringing his directly owned holdings to 6,690 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hayes William M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	561	$0.00	--

Holdings After Transaction: Common Stock — 6,690 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hayes William M.

(Last) (First) (Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [ RGLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		A		561(1)	A	$0	6,690	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of restricted stock vesting one-half on the grant date and one-half on the first anniversary of the grant date.

Remarks:

	Michelle Perry, by power of attorney	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Royal Gold (RGLD) disclose for William M. Hayes?

Royal Gold reported that director William M. Hayes acquired 561 shares of common stock as an equity award. The Form 4 identifies this as a grant or award acquisition, increasing his directly owned holdings to 6,690 shares following the transaction.

How many Royal Gold (RGLD) shares were granted to director William M. Hayes?

Director William M. Hayes received a grant of 561 shares of Royal Gold common stock. This restricted stock award increased his directly owned position to 6,690 shares after the transaction reported in the Form 4 insider filing.

How does the new equity award affect William M. Hayes’s Royal Gold (RGLD) holdings?

After receiving 561 restricted shares as an equity grant, William M. Hayes now directly owns 6,690 Royal Gold common shares. The grant is recorded as a non-derivative acquisition, reflecting an increase in his direct ownership stake in the company.

What are the vesting terms of William M. Hayes’s new Royal Gold (RGLD) restricted stock?

The 561-share restricted stock grant to William M. Hayes vests in two equal installments. One-half vests on the grant date, and the remaining half vests on the first anniversary of the grant date, according to the footnote in the Form 4 filing.

Was the Royal Gold (RGLD) share grant to William M. Hayes a market purchase?

No. The Form 4 describes the transaction as a grant or award acquisition with a reported price of $0.00 per share. This indicates an equity compensation grant, not an open-market purchase, and reflects typical director compensation in stock form.