Hayes William M. 4

What Happened William M. Hayes, a director of Royal Gold Inc. (RGLD), was granted 561 restricted shares on February 26, 2026. The Form 4 reports the acquisition price as $0.00 (standard for restricted stock awards); the filing lists this as an award/grant (code A).

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within the two-business-day reporting window).
• Shares granted: 561 restricted shares; acquisition price on the form: $0.00.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: Grant of restricted stock that vests one-half on the grant date and one-half on the first anniversary of the grant date (per footnote F1).
• Transaction type: Award/Grant (code A) — not an open-market purchase or sale.

Context Restricted stock awards are a form of compensation; they represent an acquisition of company stock subject to vesting, not an outright market buy or sale. Because half of the award vests immediately, a portion became owned on the grant date, while the remainder is subject to future vesting per the footnote. This grant does not by itself indicate the insider’s view on the stock’s short-term performance.