Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 55

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 55
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 RSUs granted on December 5, 2022, will vest on each of the first, second and third anniversaries of the date of grant. One-third of RSUs granted on December 19, 2022, will vest on each of the first, second and third anniversaries of the date of grant. One-third of RSUs granted on December 5, 2024, will vest on each of the first, second and third anniversaries of the date of grant.
 (3)Each Option entitles the holder to one common share upon exercise.
 (4)The value shown is based on the closing price of our common shares on December 31, 2024, being $1.24 per share. 
 (5)Each RSU entitles the holder to receive, upon vesting, one common share or the cash equivalent of one common share. 
 Incentive Plan Awards - Value Vested or Earned During the Year for NEOs
 The table below discloses the aggregate dollar value that would have been realized by a NEO if Options under Option-based Awards had been exercised on the vesting date, as well as the aggregate dollar value realized upon vesting of Share-based Awards by a NEO.

Name and                                          Option-based Awards – Value Vested During the Year(1)   Share-based Awards – Value Vested During the Year   Non-equity Incentive Plan Compensation - Value Earned During the Year
Principal Position                                ($)                                                                                                   ($)                                                                     ($)
David Garofalo                                    —                                                                                                 188,868                                                                 380,103
Chairman, Chief Executive Officer and President                                                                                                                                                                                    
Andrew Gubbels                                    —                                                                                                  76,968                                                                 165,863
Chief Financial Officer                                                                                                                                                                                                            
John Griffith                                     —                                                                                                  87,926                                                                 165,863
Chief Development Officer                                                                                                                                                                                                          
Samuel Mah                                        —                                                                                                  77,538                                                                 145,130
Vice President, Evaluations                                                                                                                                                                                                        
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 Notes:
 (1)As of December 31, 2024, 600,000 and 275,000 Options at an exercise of $5.00 per share held by Mr. Garofalo and Mr. Griffith have vested, respectively; 78,815 and 43,536 Options at an exercise of $4.93 per share held by Mr. Garofalo and Mr. Griffith have vested, respectively; 310,756, 126,562 and 144,642 Options