Vail Resorts GC nets shares after RSU vesting

Vail Resorts executive Julie A. DeCecco had restricted share units vest and be settled in common stock.

Rhea-AI Filing Summary

Vail Resorts executive Julie A. DeCecco had restricted share units vest and be settled in common stock. On May 1, 2026, 73 RSUs converted into 73 shares of common stock. Of these, 21 shares were withheld to cover tax obligations, leaving her with 1,776 common shares held directly and 73 RSUs outstanding.

Insider Trade Summary

73 shares exercised/converted

Exercise 3 txns

Insider DeCecco Julie A.

Role GC & Chief Public Affairs Ofc

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	73	$0.00	$0.00
Exercise	Common Stock	73	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	21	$125.86	$3K

Holdings After Transaction: Restricted Share Unit — 73 contracts (Direct); Common Stock — 1,776 shares (Direct)

Footnotes (2)

1. F1. These shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.
2. F2. On May 1, 2024, the Reporting Person was granted 219 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Key Figures

RSUs vested: 73 units Shares withheld for taxes: 21 shares Direct common shares after transaction: 1,776 shares +2 more

5 metrics

RSUs vested 73 units Restricted Share Units converted into common stock on May 1, 2026

Shares withheld for taxes 21 shares Common stock withheld to satisfy tax obligations on RSU vesting

Direct common shares after transaction 1,776 shares Directly held Vail Resorts common stock following Form 4 transactions

RSUs remaining as derivative position 73 units Restricted Share Units reported as derivative security after transactions

Tax-withholding price reference $125.86 per share Value used for 21-share tax-withholding disposition of common stock

Key Terms

Restricted Share Unit, tax-withholding disposition, derivative security

3 terms

Restricted Share Unit financial

"The security titled "Restricted Share Unit" converted into 73 shares of Common Stock."

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

tax-withholding disposition financial

"Transaction action is described as a tax-withholding disposition of 21 shares."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative security financial

"The RSU transaction is labeled as an exercise or conversion of a derivative security."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Vail Resorts (MTN) report for Julie A. DeCecco?

Vail Resorts reported that Julie A. DeCecco had 73 restricted share units vest and convert into common stock. As part of this process, 21 shares were withheld to satisfy tax obligations, and her directly held common stock position increased to 1,776 shares.

Was the Vail Resorts (MTN) Form 4 transaction a market sale or purchase?

The Form 4 shows no open-market buy or sell by Julie A. DeCecco. Shares were acquired through RSU vesting and some were disposed of only as tax-withholding, which is a non-market mechanism used to pay required taxes on equity compensation.

How many Vail Resorts (MTN) shares does Julie A. DeCecco hold after this filing?

After these transactions, Julie A. DeCecco directly holds 1,776 shares of Vail Resorts common stock. She also has 73 restricted share units reported as a derivative position, reflecting additional equity-based compensation that remains outstanding following this vesting event.

What does the 21-share tax-withholding in the Vail Resorts (MTN) Form 4 mean?

The 21 shares labeled with transaction code F were withheld to pay withholding and other taxes due on RSU vesting. Instead of paying cash, a portion of the newly delivered shares is retained by the company to satisfy these tax obligations for the executive.

What is the significance of the 73 restricted share units for Vail Resorts (MTN) executive Julie A. DeCecco?

The 73 restricted share units represent equity compensation granted earlier that has now vested and been settled into common stock. RSU vesting aligns executive pay with company performance by delivering actual shares over time, subject to tax withholding and standard ownership reporting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/04/2026 - 05:12 PM EDT Learn about SEC filing dates

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^*

DeCecco Julie A.

(Last) (First) (Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD COLORADO 80021

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC & Chief Public Affairs Ofc

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		M		73	A	$0	1,797	D
Common Stock	05/01/2026		F		21(1)	D	$125.86	1,776	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
Restricted Share Unit	$0	05/01/2026		M			73	(2)	(2)	Common Stock	73	$0	73	D

Explanation of Responses:

1. These shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

2. On May 1, 2024, the Reporting Person was granted 219 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for Julie A. DeCecco	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)