Royal Gold CEO gets stock grants, withholds shares

Royal Gold President & CEO William Holmes Heissenbuttel reported several equity transactions in company common stock.

Rhea-AI Filing Summary

Royal Gold President & CEO William Holmes Heissenbuttel reported several equity transactions in company common stock. On February 26, he received grants of 4,212 and 680 restricted shares, which will vest over multiple years as described in the awards. On February 27, March 1, and March 2, a total of shares were withheld to satisfy taxes at prices around $299.79–$304.29, and the footnote states that no shares were sold in the market. After these transactions, he directly owned 124,797 common shares.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Heissenbuttel William Holmes

Role President & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,395	$304.29	$424K
Exercise Price or Tax Liability	Common Stock	1,624	$299.79	$487K
Exercise Price or Tax Liability	Common Stock	1,216	$299.79	$365K
Grant/Award	Common Stock	4,212	$0.00	$0.00
Grant/Award	Common Stock	680	$0.00	$0.00

Holdings After Transaction: Common Stock — 124,797 shares (Direct)

Footnotes (3)

1. F1. Grant of restricted stock vesting one-third annually over three years beginning on the first anniversary of the grant date.
2. F2. Grant of restricted stock vesting one-half on the first anniversary of the grant date and one-half on the third anniversary of the grant date.
3. F3. Represents shares withheld to satisfy taxes; no shares were sold.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Royal Gold (RGLD) report for its CEO?

Royal Gold’s CEO William Holmes Heissenbuttel reported restricted stock grants of 4,212 and 680 shares, plus related tax-withholding share dispositions. These transactions adjusted his direct ownership but did not involve open-market share sales, according to the disclosure footnotes.

Were any Royal Gold (RGLD) shares actually sold in this Form 4 filing?

No market sales occurred. The filing states the disposed shares represent stock withheld to satisfy tax obligations, and explicitly notes that no shares were sold. These are administrative tax-withholding transactions tied to previously granted equity awards.

How many Royal Gold (RGLD) shares does the CEO own after these transactions?

After the reported awards and tax-withholding entries, the CEO directly owns 124,797 Royal Gold common shares. This figure reflects all listed acquisitions and tax-related dispositions as of the latest transaction date disclosed in the filing.

What kind of stock awards did Royal Gold (RGLD) grant to its CEO?

Royal Gold granted restricted stock awards of 4,212 and 680 shares. One award vests one-third annually over three years, while the other vests half on the first anniversary and half on the third anniversary of the grant date, subject to continued service conditions.

Why were some Royal Gold (RGLD) shares classified as dispositions in this Form 4?

The dispositions reflect shares withheld by Royal Gold to cover tax liabilities from equity awards. The filing describes them as payments of tax liability by delivering securities, clarifying in a footnote that no shares were sold on the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/02/2026 - 06:17 PM Learn about SEC filing dates

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
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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^*

Heissenbuttel William Holmes

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

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		4,212(1)	A	$0	128,352	D
Common Stock	02/26/2026		A		680(2)	A	$0	129,032	D
Common Stock	02/27/2026		F		1,216(3)	D	$299.79	127,816	D
Common Stock	03/01/2026		F		1,624(3)	D	$299.79	126,192	D
Common Stock	03/02/2026		F		1,395(3)	D	$304.29	124,797	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-third annually over three years beginning on the first anniversary of the grant date.

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

3. Represents shares withheld to satisfy taxes; no shares were sold.

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).
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