ROYAL GOLD INC

For the period ended May 23, 2024. Filed Apr 8, 2024.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 23, 2024 · Filed Apr 8, 2024

RGLD$265.81+1.7%Stored close · as of Nov 6, 2026

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Contents

Summary Compensation Table

Executive Compensation Tables

Summary Compensation Table

The following table summarizes information regarding the compensation of our NEOs for the years ended December 31, 2023 and December 31, 2022, the six-month 2021 Transition Period, and the fiscal year ended June 30, 2021.

Name and Principal Position	Year	Salary ($)	Bonus ($)	Non-Equity Incentive Plan Compensation ($)	Stock Awards ($)(1)	Option Awards ($)(2)	All Other Compensation ($)(3)	Total ($)
William HeissenbuttelPresident and CEO	2023	865,000	—	862,000	2,507,551	—	47,506	4,282,057
2022	777,000	—	949,000	1,298,851	—	35,689	3,060,540
Stub 2021	375,000	—	460,000	2,303,817	—	9,395	3,148,212
FY2021	670,000	—	570,000	1,133,532	635,796	32,956	3,042,284
Daniel Breeze(4) SVP Corporate Development,RGLD Gold AG	2023	495,441	—	380,766	761,710	—	50,877	1,688,794
2022	432,800	—	399,288	464,679	—	32,615	1,329,382
Stub 2021	222,650	—	205,254	752,297	—	22,292	1,202,493
FY2021	419,100	—	269,500	456,366	255,750	42,877	1,443,593
Paul LibnerSVP and CFO	2023	463,000	—	350,000	925,669	—	37,689	1,776,358
2022	388,500	—	356,000	402,563	—	42,189	1,189,252
Stub 2021	187,500	30,000	170,000	768,721	—	26,624	1,182,845
FY2021	350,000	—	226,000	396,148	222,911	40,010	1,235,069
Martin RaffieldSVP Operations	2023	382,337	—	294,000	626,160	—	37,224	1,339,721
Randy Shefman SVP and General Counsel	2023	448,000	—	348,000	825,377	—	40,189	1,661,566
2022	388,500	—	356,000	402,563	—	36,097	1,183,160
Stub 2021	187,500	—	172,000	768,721	—	20,943	1,149,164
FY2021	335,000	30,000	218,000	333,421	187,719	30,719	1,134,859
Mark Isto(5) Former EVP and Chief Operating Officer, Royal Gold Corporation	2023	389,280	—	291,967	1,275,991	—	30,399	1,987,637
2022	540,500	—	498,951	577,665	—	42,268	1,659,384
Stub 2021	272,000	—	250,967	934,197	—	23,298	1,480,462
FY2021	501,900	46,800	319,800	597,986	335,135	36,637	1,838,258

(1)

Amounts represent the grant date fair value of restricted shares and performance shares, calculated in accordance with financial statement reporting rules. You can find information about the assumptions used to calculate grant date fair values in Note 8 to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2023. Grants made in March 2022 were based on half-year equity award values. Grants made in every other period were based on full-year equity award values. Performance shares are valued in the table

			2024 Proxy Statement			57

above based on the probable outcome of the performance conditions on the grant date (100% of target performance). The grant date fair values of the performance shares, assuming target and maximum performance, for 2023 were as follows:

Name	At Target (#)	At Target ($)	At Maximum ($)
William Heissenbuttel	9,700	1,353,659	2,707,319
Dan Breeze	2,950	411,680	823,360
Paul Libner	3,580	499,598	999,196
Martin Raffield	2,250	313,993	627,986
	190(A)	24,301	48,602
Randy Shefman	3,190	445,172	890,345
Mark Isto	4,940	689,389	1,378,779

(A)

Dr. Raffield received additional grants when he assumed the role of principal operating officer upon Mr. Isto’s retirement on September 14, 2023, with substantially the same terms as the grants received by Dr. Raffield in March 2023. All references in this proxy statement to the March 2023 grants also include the additional grants made to Dr. Raffield in September 2023 except as otherwise noted.

(2)

Amounts represent the grant date fair value of stock options and SARs, calculated in accordance with financial statement reporting rules. You can find information about the assumptions used to calculate grant date fair values in Note 8 to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2023. Our CNG Committee eliminated the granting of stock options and SARs in August 2021.

(3)

Amounts for 2023 include the following:

Name	Employer Retirement Plan Contributions ($)	Life and Disability Insurance Premiums ($)	Long-Term Disability Insurance Premiums ($)
William Heissenbuttel	45,817	864	825
Daniel Breeze	50,877	—	—
Paul Libner	36,000	864	825
Martin Raffield	35,535	864	825
Randy Shefman	38,500	864	825
Mark Isto	26,796	1,989	1,614

(4)

Mr. Breeze’s cash compensation is paid in Swiss francs. The amounts shown are the U.S. dollar equivalents, based on the average conversion rates of one Swiss franc to the following U.S. dollar amounts: 2023—1.11 U.S. dollars; 2022—1.04 U.S. dollars; Stub 2021—1.08 U.S. dollars; and FY 2021—1.1 U.S. dollars.

(5)

Mr. Isto retired on September 14, 2023. Mr. Isto’s cash compensation was paid in Canadian dollars. The amounts shown are the U.S. dollar equivalents, based on the average conversion rates of one Canadian dollar to the following U.S. dollar amounts: 2023—0.74 U.S. dollars; 2022—0.77 U.S. dollars; Stub 2021—0.79 U.S. dollars; and FY 2021—0.78 U.S. dollars.

			2024 Proxy Statement			58

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