Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 57

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 57
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 which was calculated using the closing price of $1.24 of shares on the NYSE American on the date of grant on December 5, 2024. The RSUs vest as to one-third on each of the first, second and third anniversaries of the date of grant.
 (4)Mr. Gilman was appointed as a director of the Company on August 12, 2020.
 (5)Mr. Robertson was appointed as a director of the Company on November 20, 2020. 
 (6)Mr. Hair was appointed as a director of the Company on November 20, 2020.
 (7)Ms. Howlett was appointed as a director of the Company on February 14, 2022.
 (8)Ms. Johnson was appointed as a director of the Company on March 28, 2023. 
 (9)Mr. Mullan ceased to be a director on April 20, 2024.
 Mr. Hair, Mr. Robertson, Mr. Gilman, Ms. Howlett and Ms. Johnson served as independent directors for the financial year ended December 31, 2024.

Outstanding Share-based Awards and Option-based Awards for Directors
 The following table states the name of each director and Option-based and Share-based Awards outstanding as of the financial year ended December 31, 2024.

                                                                                                                                                                       Option-based Awards(1)   Share-based Awards(2)                                                                                                                                                                                                             
Name and             Number of Securities Underlying Unexercised Options(3)         Option Exercise Price         Option Expiration Date         Value of Unexercised in-the-money Options(4)   Number of Shares or Units of Shares That Have Not Vested(5)          Market or Payout Value of Share-based Awards That Have Not Vested(4)          Market or Payout Value of Vested Share-based Awards Not Paid Out or Distributed
Principal Position                                                      (#)                           ($)                                        ($)                                            (#)                                                                  ($)                                                                           ($)                                                                            
Warren Gilman                                                       250,000                          5.00         March 7, 2026                  —                                              —                                                                    —                                                                             —                                                                              
Lead Director                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                     25,020                          4.93         January 4, 2027                —                                              —                                                                    —                                                                             —                                                                              
                                                                                                                                                 —                                              163,080                                                              197,327                                                                       —                                                                              
Ken Robertson                                                       100,000                          5.00         March 7, 2026                  —