Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 52

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 52
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 would have satisfied these criteria but for the fact that the individual was not serving as our executive officer or as an executive officer to any of our subsidiaries at the end of the most recently completed financial year.

                                                                                                                                             Non-equity Incentive Plan Compensation                                                 
Named Executive Officer                           Salary(1)   Share-based Awards(2)   Option-based Awards(3)   Annual Incentive Plans(4)                  Long-term Incentive Plans   All Other Compensation(5)   Total Compensation
                                                        ($)                     ($)                      ($)                         ($)                  ($)                                               ($)                  ($)
David Garofalo(6)                                   401,750                 245,536                  289,117                     380,103                  —                                              54,063            1,370,569
Chairman, Chief Executive Officer and President                                                                                                                                                                                     
Andrew Gubbels(7)                                   233,745                 114,286                  134,571                     165,863                  —                                              45,706              694,171
Chief Financial Officer                                                                                                                                                                                                             
John Griffith(8)                                    233,745                 114,286                  134,571                     165,863                  —                                              67,549              716,014
Chief Development Officer                                                                                                                                                                                                           
Samuel Mah(9)                                       204,527                 100,000                  117,750                     145,130                  —                                               8,106              575,513
Vice President, Evaluations                                                                                                                                                                                                         
 __________
 Notes:
 (1)Pursuant to their respective employment agreements, salary paid to Mr. Garofalo, Mr. Gubbels, Mr. Griffith and Mr. Mah are in Canadian dollars. For the purposes hereof, such amounts have been converted from Canadian dollars to U.S. dollars based on the exchange rate of $0.7305 per Canadian dollar, being the weighted average exchange 

rate for the applicable period. Effective January 1, 2024, Mr. Garofalo's salary was set at C$550,000 per year, Mr. Gubbels' salary was set at C$320,000 per year, Mr. Griffith's salary was set at C$320,000 per year and Mr. Mah's salary was set at C$280,000 per year.
(2)These amounts represent the aggregate grant date fair value of RSUs, which was calculated using the closing price of $1.24 of shares on the NYSE American on the date