Royal Gold (RGLD) SVP trades stock and receives RSU grants

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Royal Gold Inc. senior vice president Daniel Breeze reported both stock sales and equity awards. He sold a total of 1,400 shares of common stock in two open-market transactions at prices of $299.73 and $302.00 per share, leaving 20,140 shares directly owned afterward.

On an earlier date, he acquired 1,791 and 340 shares through grants of restricted stock units at no cost. According to the disclosures, these RSUs vest over multiple years, with one grant vesting one-third annually over three years and the other vesting in two equal installments on the first and third anniversaries.

Insider Trade Summary

Net Seller: 1,400 shares ($421,211)

Net Sell 4 txns

Insider Breeze Daniel

Role SVP Corp Dev of RGLD Gold AG

Sold 1,400 shs ($421K)

Type	Security	Shares	Price	Value
Sale	Common Stock	700	$299.73	$210K
Sale	Common Stock	700	$302.00	$211K
Grant/Award	Common Stock	1,791	$0.00	--
Grant/Award	Common Stock	340	$0.00	--

Holdings After Transaction: Common Stock — 20,840 shares (Direct)

Footnotes (1)

Grant of restricted stock units vesting one-third annually over three years beginning on the first anniversary of the grant date. Grant of restricted stock units vesting one-half on the first anniversary of the grant date and one-half on the third anniversary of the grant date.

Form 4 Insider Transactions: What Each Field Means →

03/02/2026 - 06:19 PM

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^*

Breeze Daniel

(Last)

(First)

(Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER

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)
	SVP Corp Dev of RGLD Gold AG

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/26/2026		A		1,791⁽¹⁾	A	$0	21,200	D
Common Stock	02/26/2026		A		340⁽²⁾	A	$0	21,540	D
Common Stock	03/02/2026		S		700	D	$299.73	20,840	D
Common Stock	03/02/2026		S		700	D	$302	20,140	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Grant of restricted stock units vesting one-third annually over three years beginning on the first anniversary of the grant date.

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

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Royal Gold (RGLD) SVP Daniel Breeze report?

Daniel Breeze reported open-market sales of common stock and new equity awards. He sold 1,400 shares in two transactions and received two restricted stock unit grants totaling 1,791 and 340 shares, all held as direct ownership in Royal Gold.

How many Royal Gold (RGLD) shares did the SVP sell and at what prices?

He sold 1,400 Royal Gold common shares in two open-market trades. One 700-share sale was at $299.73 per share, and another 700-share sale was at $302.00 per share, as disclosed in the Form 4 insider filing.

What equity awards did the Royal Gold (RGLD) SVP receive in this Form 4?

He received grants of 1,791 and 340 restricted stock units at no cost. One grant 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.

How many Royal Gold (RGLD) shares does Daniel Breeze own after these transactions?

After the reported open-market sales, Daniel Breeze directly owns 20,140 shares of Royal Gold common stock. This figure reflects his holdings following the second 700-share sale disclosed in the Form 4 insider transaction report.

Are the Royal Gold (RGLD) restricted stock units subject to vesting conditions?

Yes. One RSU grant vests one-third each year over three years from the grant date. The other vests in two equal installments, with half on the first anniversary and half on the third anniversary, as described in the award footnotes.