Libner Paul 4

What Happened Paul Libner, Senior Vice President & Chief Financial Officer of Royal Gold (RGLD), was granted restricted stock on Feb 26, 2026 (total 1,952 shares: 1,612 and 340). Following vesting, a total of 1,617 shares were withheld to satisfy tax withholding obligations in three transactions: 480 shares on Feb 27 at $299.79 ($143,899), 622 shares on Mar 1 at $299.79 ($186,469), and 515 shares on Mar 2 at $304.29 ($156,709). No shares were sold on the open market — these were share-withholdings to cover taxes (a routine, non-market-sale event). Net shares retained by Libner from these grants = 1,952 granted − 1,617 withheld = 335 shares.

Key Details

• Transaction types: Awards (A) on 2026-02-26; tax withholding (F) on 2026-02-27, 2026-03-01, and 2026-03-02.
• Prices/values for withheld shares: 480 @ $299.79 = $143,899; 622 @ $299.79 = $186,469; 515 @ $304.29 = $156,709; total ≈ $487,077.
• Vesting notes: F1 = 1/3 annually over 3 years (starting 1st anniversary); F2 = 1/2 at 1st anniversary and 1/2 at 3rd anniversary.
• F3 clarifies the withheld shares represent tax withholding; no open-market sales occurred.
• Filing date: Form 4 filed 2026-03-02; filing appears timely based on the reported transaction dates.
• Shares owned after the transactions: not specified here — check the Form 4 for the insider’s reported beneficial ownership after these transactions.

Context These transactions are standard restricted-stock awards and net-share tax withholding (a common way companies satisfy employee tax obligations when awards vest). This is not an opt-in open-market sale or separate purchase, so it generally does not signal a deliberate buy/sell market view by the insider. For investors tracking insider buy signals, purchases are typically more informative than routine award-withholding events.