Vail Resorts Executive Converts 1,334 Share Units

The Chief HR & Trnsfrm Ofc's 4,001-RSU grant was scheduled to vest in three equal installments beginning September 27, 2025.

Rhea-AI Filing Summary

Vail Resorts Inc. reported that its Chief HR & Trnsfrm Ofc, Lynanne Kunkel, converted 1,334 restricted share units on September 27, 2026, acquiring 1,334 common shares. Her reported remaining position was 1,334 RSUs. Another 390 common shares were withheld from issuance to satisfy withholding and other taxes, at a reported $136.11 per share.

Insider Trade Summary

1,334 shares exercised/converted

Exercise 3 txns

Insider Kunkel Lynanne

Role Chief HR & Trnsfrm Ofc

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit F2	1,334	$0.00	$0.00
Exercise	Common Stock	1,334	$0.00	$0.00
Tax Withholding	Common Stock F1	390	$136.11	$53K

Holdings After Transaction: Restricted Share Unit — 1,334 contracts (Direct); Common Stock — 10,215 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 Restricted Share Units ("RSUs") in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.
2. F2. On September 27, 2024, Reporting Person was granted 4,001 RSUs, which vest in three equal installments beginning on September 27, 2025.

Key Figures

Restricted share units converted: 1,334 RSUs Common shares acquired: 1,334 shares RSUs following transaction: 1,334 RSUs +3 more

6 metrics

Restricted share units converted 1,334 RSUs September 27, 2026

Common shares acquired 1,334 shares Upon conversion of RSUs on September 27, 2026

RSUs following transaction 1,334 RSUs Reported following the September 27, 2026 transaction

Common shares withheld 390 shares Withheld from issuance for withholding and other taxes on September 27, 2026

Reported price per share withheld $136.11 per share September 27, 2026

RSUs granted 4,001 RSUs Granted September 27, 2024

Key Terms

Restricted Share Unit, vest, withholding

3 terms

Restricted Share Unit financial

"Restricted Share Unit"

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.

vest financial

"vest in three equal installments beginning on September 27, 2025"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

withholding financial

"payment of withholding and other taxes due"

FAQ

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

How many MTN shares did Lynanne Kunkel acquire and have withheld?

Lynanne Kunkel acquired 1,334 common shares upon conversion of 1,334 restricted share units on September 27, 2026. Separately, 390 common shares were withheld from issuance to satisfy withholding and other taxes, at $136.11 per share.

What was the vesting schedule for Lynanne Kunkel's MTN RSUs?

Lynanne Kunkel was granted 4,001 RSUs on September 27, 2024, which vest in three equal installments beginning on September 27, 2025.

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

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Available on EDGAR 09/29/2026 - 05:55 PM Accepted by SEC EDGAR 09/29/2026 - 05:55 PM 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^*

Kunkel Lynanne

(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)
	Chief HR & Trnsfrm Ofc

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2026

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	09/27/2026		M		1,334	A	$0	10,605	D
Common Stock	09/27/2026		F		390(1)	D	$136.11	10,215	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	09/27/2026		M			1,334	(2)	(2)	Common Stock	1,334	$0	1,334	D

Explanation of Responses:

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

2. On September 27, 2024, Reporting Person was granted 4,001 RSUs, which vest in three equal installments beginning on September 27, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Nicholas Caviolo, Attorney-in-Fact for Lynanne Kunkel	09/29/2026
	** 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)