Crandall David R 4

What Happened
David R. Crandall, Vice President, Corporate Secretary & Chief Compliance Officer of Royal Gold (RGLD), was granted 914 restricted shares on 2026-02-26 (award recorded at $0.00). To satisfy tax withholding obligations related to the grant, 192 shares were withheld on 2026-02-27 at $299.79 each (value $57,560) and 232 shares were withheld on 2026-03-01 at $299.79 each (value $69,551). The withheld shares totaled 424 shares (≈ $127,111); no open-market sale was reported.

Key Details

• Grant: 914 restricted shares on 2026-02-26 @ $0.00 (Footnote F1: vests one-third annually over three years beginning on the first anniversary).
• Tax withholding: 192 shares on 2026-02-27 @ $299.79 = $57,560; 232 shares on 2026-03-01 @ $299.79 = $69,551 (Footnote F2: shares withheld to satisfy taxes; no shares sold).
• Total withheld: 424 shares ≈ $127,111.
• Filing: Form 4 filed 2026-03-02; timing appears to be within the SEC’s required filing window for these transaction dates.
• Shares owned after the transactions: not specified in the provided filing details.

Context
This was a restricted stock award (not an open-market purchase or sale). The withholding of shares to cover taxes is a routine administrative action that does not represent a market sale by the insider. The award vests over time (one-third per year), so additional vesting-related transactions could appear in future filings.