Breeze Daniel 4

What Happened

• Daniel Breeze, Senior Vice President, Corporate Development of RGLD Gold AG (Royal Gold), reported two open-market sales and two RSU grants. On 2026-03-02 he sold 700 shares at $299.73 ($209,811) and 700 shares at $302.00 ($211,400), totaling $421,211. On 2026-02-26 he was granted 1,791 RSUs and 340 RSUs (acquired at $0.00), a total of 2,131 award shares.

Key Details

• Transaction dates and prices:
  • 2026-02-26: Grant of 1,791 RSUs (@ $0.00) and 340 RSUs (@ $0.00).
  • 2026-03-02: Sale of 700 shares @ $299.73 (proceeds $209,811).
  • 2026-03-02: Sale of 700 shares @ $302.00 (proceeds $211,400).
• Total sold: 1,400 shares for ~$421,211; total RSUs granted: 2,131 shares (value at grant not reported on Form 4).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes on vesting:
  • F1: 1/3 vests each year over three years starting on the first anniversary.
  • F2: 1/2 vests on the first anniversary and 1/2 on the third anniversary.
• No 10b5-1 plan, tax-withholding sale, or other special instructions are noted in the provided transaction details.
• Filing: Report filed 2026-03-02 for transactions dated 2026-02-26; this appears to meet the standard two-business-day Form 4 deadline.

Context

• The grants are restricted stock units (awards) — not purchases — and will vest over time per the footnotes. The reported disposals were open-market sales; the filing does not state any reason for the sales. Purchases generally signal stronger insider conviction than awards or routine sales; this report shows a mix of granted RSUs and subsequent share sales.