Vance Ronald J 4

What Happened

• Ronald J. Vance, a director of Royal Gold, Inc. (RGLD), received a grant of 561 phantom shares on February 26, 2026. The award is recorded at $0.00 per share (total reported value $0) and is classified as a derivative award (Code A).

Key Details

• Transaction date: 2026-02-26; Report filed with the SEC: 2026-03-02 (timely).
• Instrument: 561 phantom shares (derivative award). Price reported: $0.00 per share.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Footnote: Each phantom share is the economic equivalent of one share of common stock (F1).
• Transaction code: A = Award/Grant (not an open-market purchase or sale).

Context

• Phantom shares are a form of equity compensation that track the economic value of common stock; they do not necessarily involve an immediate cash outlay or transfer of voting stock and may settle in cash or shares per plan terms. This is an award rather than a purchase or sale and should be viewed as compensation-related disclosure, not direct evidence of immediate insider buying or selling.