Heissenbuttel William Holmes 4

What Happened
William Heissenbuttel, President & CEO and a director of Royal Gold (RGLD), was granted 4,892 restricted shares on Feb 26, 2026 (4,212 and 680-share awards). Following the awards, a total of 4,235 shares were surrendered to satisfy tax withholding obligations: 1,216 shares on Feb 27, 1,624 shares on Mar 1, and 1,395 shares on Mar 2. The withheld shares were recorded at $299.79 (Feb 27 & Mar 1) and $304.29 (Mar 2), totaling $1,275,889. No shares were sold in open market; the withheld shares were used solely to cover taxes, leaving a net 657 shares from these awards (4,892 granted minus 4,235 withheld).

Key Details

• Grant dates and amounts: Feb 26, 2026 — 4,212 shares (footnote F1) and 680 shares (footnote F2); both grants reported as acquisitions at $0.00.
• Tax withholding (dispositions): Feb 27 — 1,216 shares @ $299.79 = $364,545; Mar 1 — 1,624 shares @ $299.79 = $486,859; Mar 2 — 1,395 shares @ $304.29 = $424,485. Total value withheld ≈ $1,275,889.
• Vesting terms: F1 = restricted stock vesting one-third annually over three years beginning on first anniversary; F2 = restricted stock vesting half on first anniversary and half on third anniversary.
• F3 clarifies the “disposals” were shares withheld to satisfy taxes — no open-market sale.
• Filing date: Form 4 filed Mar 2, 2026 (covering transactions Feb 26–Mar 2). Shares owned after these transactions are not disclosed in the supplied filing.

Context
These transactions represent routine equity compensation mechanics: restricted-stock grants followed by share withholding to meet tax obligations. This is not an open-market sale or a purchase — it's the company or insider using a portion of the awarded shares to cover taxes upon grant/vesting. Such withholding is common and should not be interpreted as a directional bet on the stock.