In a new SEC filing on June 13, it was revealed that Heissenbuttel, President & CEO at Royal Gold (NASDAQ:RGLD), executed a significant exercise of company stock options.
What Happened: Heissenbuttel, President & CEO at Royal Gold, exercised stock options for 1,768 shares of RGLD stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The exercise price of the options was $56.54 per share.
The latest update on Thursday morning shows Royal Gold shares down by 0.0%, trading at $122.23. At this price, Heissenbuttel's 1,768 shares are worth $116,139.
Delving into Royal Gold's Background
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is ...