Form 4: Royal Gold CEO William Heissenbuttel Executes Stock Options and SARs
SEC Form 4
William Heissenbuttel, President & CEO of Royal Gold Inc., exercised stock options and stock appreciation rights (SARs) on June 11, 2024, resulting in changes to his beneficial ownership of company stock.
Summary
- On June 11, 2024, William Holmes Heissenbuttel, the President & CEO of Royal Gold Inc., executed transactions involving stock options and stock appreciation rights.
- He exercised 15,618 stock appreciation rights (SARs) at a price of $56.54, receiving 8,476 shares as a result.
- He also exercised 1,768 stock options at a price of $56.54.
- 7,142 shares were disposed of, and 3,677 shares were withheld to satisfy taxes.
- 808 shares were delivered to the issuer to satisfy the stock option exercise price.
- Following these transactions, Heissenbuttel's direct ownership stands at 111,292 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine executive stock transactions.
Industry Context
Executive stock transactions are common and provide insight into management's perspective on the company's value. Option exercises are a normal part of executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The transactions reflect executive compensation and incentives.
Key Dates
| Date | Description |
|---|---|
| 08/20/2016 | Start date for one-third annual vesting of stock appreciation rights and stock options over three years. |
| 08/20/2025 | Expiration date for stock appreciation rights and stock options. |
| 06/11/2024 | Date of transaction for stock options and stock appreciation rights. |
| 06/13/2024 | Date of signature for the Form 4 filing. |
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