Royal Gold (RGLD) VP gets restricted shares, withholds stock for taxes

Rhea-AI Filing Summary

Royal Gold executive David R. Crandall, VP, Corporate Secretary & CCO, reported equity compensation activity in common stock. He received a grant of 914 restricted shares, which vest one-third annually over three years beginning on the first anniversary of the grant date. He also had 192 and 232 shares withheld on two dates to cover tax obligations at a price of $299.79 per share, leaving 4,432 shares directly owned after these transactions; these withheld shares were not open-market sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Crandall David R

Role VP, Corporate Secretary & CCO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	232	$299.79	$70K
Tax Withholding	Common Stock	192	$299.79	$58K
Grant/Award	Common Stock	914	$0.00	--

Holdings After Transaction: Common Stock — 4,432 shares (Direct)

Footnotes (1)

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

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^*

Crandall David R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Corporate Secretary & CCO

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		914(1)	A	$0	4,856	D
Common Stock	02/27/2026		F		192(2)	D	$299.79	4,664	D
Common Stock	03/01/2026		F		232(2)	D	$299.79	4,432	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. 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).
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 transactions did Royal Gold (RGLD) report for David R. Crandall?

David R. Crandall reported a restricted stock grant of 914 Royal Gold shares and two tax-withholding dispositions of 192 and 232 shares. All transactions involved common stock and reflect routine equity compensation and related tax settlement activity, not open-market purchases or sales.

Was the Royal Gold (RGLD) insider transaction an open-market sale or purchase?

The filing shows no open-market sales or purchases. Shares were granted as restricted stock, and additional shares were withheld to satisfy tax liabilities. A footnote states the withheld shares were used for taxes, meaning no shares were sold into the market in these transactions.

How many Royal Gold (RGLD) shares did David R. Crandall receive in the latest grant?

David R. Crandall received a grant of 914 shares of Royal Gold common stock. The grant is in the form of restricted stock and is reported with a transaction price of $0.00 per share, reflecting that it was an equity award rather than a market purchase.

What is the vesting schedule for David R. Crandall’s Royal Gold (RGLD) restricted stock?

The restricted stock grant vests one-third annually over three years. Vesting begins on the first anniversary of the grant date, so the 914-share award will be earned in three equal installments if vesting conditions are satisfied over that period.

How many Royal Gold (RGLD) shares does David R. Crandall own after these transactions?

After the reported transactions, David R. Crandall directly owns 4,432 shares of Royal Gold common stock. This total reflects the restricted stock grant and the shares withheld for taxes, as reported in the Form 4 ownership balances following each transaction.

At what price were Royal Gold (RGLD) shares withheld for David R. Crandall’s taxes?

The tax-withholding dispositions used a price of $299.79 per share. Two separate withholdings of 192 and 232 Royal Gold shares at this price were reported, and a footnote clarifies these shares were withheld solely to satisfy tax obligations, not sold in the open market.