Royal Gold (RGLD) director Fabiana Chubbs receives 561-share RSU grant

Rhea-AI Filing Summary

Royal Gold Inc. director Fabiana Chubbs received an equity award. She acquired 561 shares of common stock in the form of restricted stock units at no cost on the grant date. The units vest half immediately on the grant date and half on the first anniversary, and she now directly holds 561 shares.

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^*

Chubbs Fabiana

(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	561	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 units 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) report for Fabiana Chubbs?

Royal Gold reported that director Fabiana Chubbs acquired 561 shares of common stock as a grant of restricted stock units. The award is compensation, not an open-market purchase, and was reported on a Form 4 insider transaction filing.

How many Royal Gold (RGLD) shares did Fabiana Chubbs receive in this Form 4?

Fabiana Chubbs received 561 shares of Royal Gold common stock through a restricted stock unit grant. These units represent equity-based compensation and increase her direct holdings to 561 shares following the reported transaction.

Was there a purchase price for Fabiana Chubbs’ Royal Gold (RGLD) share grant?

No, the grant shows a price of $0.0000 per share, indicating no cash purchase. The 561 shares were awarded as restricted stock units, reflecting equity compensation rather than a market transaction involving payment.

How do the restricted stock units granted to Fabiana Chubbs in Royal Gold (RGLD) vest?

The restricted stock units vest in two equal installments. One-half of the 561 units vests on the grant date, and the remaining half vests on the first anniversary of the grant date, according to the footnote disclosure.

What is Fabiana Chubbs’ ownership in Royal Gold (RGLD) after this Form 4 transaction?

After the reported transaction, Fabiana Chubbs directly owns 561 shares of Royal Gold common stock. This total reflects the new restricted stock unit grant reported, as shown in the post-transaction holdings figure on the Form 4.

Is the Fabiana Chubbs Royal Gold (RGLD) Form 4 transaction a buy or an award?

The transaction is an award, not an open-market buy. It is coded as a grant or other acquisition, with 561 shares provided as restricted stock units at a stated price of $0.0000 per share.