Vail Resorts (NYSE: MTN) CEO adds 37,500 shares in open-market purchase

Rhea-AI Filing Summary

Vail Resorts CEO and chairperson Robert A. Katz reported an open-market purchase of 37,500 shares of common stock on March 16, 2026. The weighted average purchase price was $131.81 per share, with individual trades executed between $131.37 and $131.88. Following this transaction, Katz directly holds 285,312 shares of Vail Resorts common stock.

Insights

Equity analyst

Vail Resorts’ CEO made a sizable open-market share purchase, modestly strengthening alignment with shareholders.

CEO and chairperson Robert A. Katz bought 37,500 shares of Vail Resorts common stock in an open-market transaction at a weighted average price of $131.81 per share, with executions between $131.37 and $131.88. Open-market CEO buying is typically viewed as a stronger signal than option grants or automatic awards because it involves cash outlay.

After the purchase, Katz’s direct holdings increased to 285,312 shares, indicating a larger personal stake in the company. The filing notes that the reported price is a weighted average across multiple trades, and that detailed trade-by-trade pricing within the $131.37–$131.88 range is available upon request, underscoring standard disclosure practices rather than any special arrangement.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KATZ ROBERT A

(Last) (First) (Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & Chairperson of the Board

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		P		37,500	A	$131.81(1)	285,312	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $131.37 to $131.88, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for Robert A. Katz	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Vail Resorts (MTN) CEO Robert A. Katz report in this Form 4?

Robert A. Katz reported buying 37,500 shares of Vail Resorts common stock in an open-market transaction. The purchase increased his direct holdings to 285,312 shares, reflecting a larger personal equity stake in the company following this transaction.

How many Vail Resorts (MTN) shares did the CEO buy and at what price range?

The CEO bought 37,500 shares of Vail Resorts common stock. The filing states a weighted average price of $131.81 per share, with individual trades executed between $131.37 and $131.88, inclusive, across multiple transactions on the same date.

What are Robert A. Katz’s direct Vail Resorts (MTN) share holdings after this transaction?

Following the reported open-market purchase, Robert A. Katz directly holds 285,312 shares of Vail Resorts common stock. This total reflects his position after adding the 37,500 shares acquired in the March 16, 2026 transaction disclosed in the Form 4.

Was the Vail Resorts (MTN) CEO’s March 16, 2026 trade an open-market purchase?

Yes. The Form 4 characterizes the transaction as an open-market purchase of common stock. The CEO acquired 37,500 shares at a weighted average price of $131.81, with multiple executions between $131.37 and $131.88 during the trading session.

What pricing details does the Vail Resorts (MTN) Form 4 footnote provide?

The footnote explains the reported price is a weighted average across multiple trades. It notes purchases occurred between $131.37 and $131.88 per share, and states that detailed information on the number of shares at each specific price is available upon request.