Form 4: Royal Gold SVP Raffield Reports Routine Share Withholding

Martin Raffield, SVP of Operations at Royal Gold Inc., reported a routine transaction involving the withholding of 18 common shares to satisfy tax obligations, leaving his beneficial ownership at 9,995 shares.

Summary

• Martin Raffield, Senior Vice President of Operations at Royal Gold Inc. (RGLD), filed a Form 4 statement.
• The filing reports a transaction on September 14, 2025, involving the disposition of 18 shares of common stock.
• These shares were withheld to satisfy tax obligations, not sold in the open market.
• The deemed price per share for the transaction was $189.32.
• Following this transaction, Martin Raffield beneficially owns 9,995 shares of Royal Gold Inc. common stock.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine, non-discretionary transaction for tax withholding, which is neutral in terms of company performance or insider sentiment.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide information related to broader industry trends or competitive landscape. It reflects a standard compensation-related event for an executive.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in insider sentiment or company fundamentals.

Key Dates

Keywords

RGLD, Royal Gold, Form 4, insider transaction, share withholding, Martin Raffield, SVP Operations