Royal Gold SVP has 27 shares withheld for taxes

Royal Gold’s SVP, Operations had 27 shares withheld to cover taxes on an equity award, with no market sale and 10,996 shares remaining.

Rhea-AI Filing Summary

ROYAL GOLD INC (RGLD) reported an insider tax-related share withholding by senior vice president of operations Martin Raffield. On September 14, 2026, 27 shares of common stock were withheld at $248.34 per share to satisfy tax liabilities in connection with an equity award; the footnote states that no shares were sold into the market. After this withholding, Raffield directly holds 10,996 shares of Royal Gold common stock, and no Rule 10b5-1 trading plan is reported in connection with this event.

Insider Trade Summary

Tax Withholding: 27 shares

Tax Withholding 1 txn

Insider Raffield Martin

Role SVP, Operations

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	27	$248.34	$7K

Holdings After Transaction: Common Stock — 10,996 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy taxes; no shares were sold.

Key Figures

Shares withheld for taxes: 27 shares Withholding price per share: $248.34 per share Shares held after transaction: 10,996 shares +1 more

4 metrics

Shares withheld for taxes 27 shares Common stock withheld on September 14, 2026 for tax liability

Withholding price per share $248.34 per share Value used for the 27 shares withheld for tax liability

Shares held after transaction 10,996 shares Direct holdings of Martin Raffield after the September 14, 2026 withholding

Transactions for tax liability 1 transaction, 27 shares Single Form 4 event classified as payment of tax liability by withholding securities

Key Terms

Form 4, tax-withholding disposition, Rule 10b5-1, common stock

4 terms

Form 4 regulatory

"ROYAL GOLD INC reported an insider transaction on a Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

tax-withholding disposition financial

"27 shares of common stock were withheld as a tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported in connection with this event"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

common stock financial

"27 shares of common stock were withheld to satisfy tax liabilities"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did ROYAL GOLD INC (RGLD) report for Martin Raffield?

Royal Gold reported that SVP, Operations Martin Raffield had 27 shares of common stock withheld on September 14, 2026 to satisfy tax liabilities related to an equity award. A footnote clarifies that no shares were sold into the market in this transaction.

At what price were the RGLD shares withheld for Martin Raffield’s tax payment?

The filing reports that 27 shares of Royal Gold common stock were withheld at a price of $248.34 per share to satisfy tax liabilities. This is characterized as a tax-withholding disposition, not an open-market sale of shares.

How many ROYAL GOLD INC (RGLD) shares does Martin Raffield hold after this Form 4 transaction?

Following the tax-withholding event on September 14, 2026, Martin Raffield directly holds 10,996 shares of Royal Gold common stock, according to the Form 4. The reported transaction did not involve any additional purchases or sales.

Was Martin Raffield’s RGLD transaction executed under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the transaction was made under a Rule 10b5-1 trading plan. It is reported simply as a tax-withholding disposition related to an equity award.

Does the reported RGLD Form 4 show any open-market buying or selling by Martin Raffield?

No. The Form 4 describes shares withheld to satisfy taxes on an equity award. A footnote explicitly states that no shares were sold into the market, and there are no reported open-market purchases or sales in this filing.

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

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Available on EDGAR 09/15/2026 - 11:50 AM Accepted by SEC EDGAR 09/15/2026 - 11:49 AM 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
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^*

Raffield Martin

(Last) (First) (Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	SVP, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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

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

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

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	09/14/2026		F		27(1)	D	$248.34	10,996	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. Represents shares withheld to satisfy taxes; no shares were sold.

Remarks:

	Michelle Perry, by power of attorney	09/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)