Shefman Randy 4

What Happened

• Randy Shefman, SVP & General Counsel of Royal Gold (RGLD), received restricted stock awards on Feb 26, 2026 (1,557 shares and 340 shares). To cover tax withholding associated with those awards, the company withheld a total of 989 shares in late Feb–early Mar 2026.
• Withholding transactions: 312 shares withheld on 2026-02-27 at $299.79 (≈ $93,534), 368 shares withheld on 2026-03-01 at $299.79 (≈ $110,323), and 309 shares withheld on 2026-03-02 at $304.29 (≈ $94,026). Total value withheld ≈ $297,883.
• These were award-related withholdings (tax satisfaction), not open-market sales.

Key Details

• Transaction dates & prices: 2026-02-26 (awards at $0.00 for 1,557 and 340 shares); tax withholdings on 2026-02-27 (312 @ $299.79), 2026-03-01 (368 @ $299.79), 2026-03-02 (309 @ $304.29).
• Total shares awarded: 1,557 + 340 = 1,897; total withheld: 989 shares.
• Total value of withheld shares (taxes): ≈ $297,883.
• Footnotes: F1 = 1,557-share restricted stock grant vesting one-third annually over three years; F2 = 340-share restricted stock grant vesting one-half on year 1 and one-half on year 3; F3 = shares withheld to satisfy taxes — no shares were sold.
• Shares owned after the transactions are not provided in the supplied excerpt.
• Filing: Form filed 2026-03-02 (covers transactions dated Feb 26–Mar 2); filing appears timely.

Context

• This was a routine tax-withholding action related to restricted stock awards (a non-cash, company withholding), not an open-market sale or purchase. Such withholdings are common when restricted shares vest and generally do not by themselves indicate the insider’s view on the company’s stock.