Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 58

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 58
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 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.
 (6)Mr. Mullan ceased to be a director on April 20, 2024.

Incentive Plan Awards – Value Vested or Earned During the Year for Directors
 The table below discloses the aggregate dollar value that would have been realized by a director 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 director during the last fiscal year.

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   ($)                                                                                                ($)(2)   ($)                                                                  
Warren Gilman        —                                                                                                  49,592   —                                                                    
Lead Director                                                                                                                                                                                         
Ken Robertson        —                                                                                                  41,897   —                                                                    
Director                                                                                                                                                                                              
Alan Hair            —                                                                                                  41,897   —                                                                    
Director                                                                                                                                                                                              
Karri Howlett        —                                                                                                  42,976   —                                                                    
Director                                                                                                                                                                                              
Angela Johnson       —                                                                                                  54,376   —                                                                    
Director                                                                                                                                                                                              
Glenn Mullan(3)      —                                                                                                   2,714   —                                                                    
Former Director                                                                                                                                                                                       
 __________
 Notes:
 (1)As at of December 31, 2024, 250,000, 100,000 and 100,000 Options at an exercise of $5.00 per share held by Mr. Gilman, Mr. Robertson and Mr. Hair have vested, respectively; 25,020 17,514 and 17,514 Options at an exercise price of $4.93 per share held by Mr. Gilman, Mr. Robertson and Mr. Hair have vested, respectively; 17,514 Options at an exercise price of $3.06 per share held by Ms. Howlett have vested; and 17,514 Options at an exercise price of $4.93 per share held by Mr. Mullan have vested, and forfeited following Mr. Mullan's departure on April 20, 2024. All such vested Options were