[Form 4] VAIL RESORTS INC Insider Trading Activity

Rhea-AI Filing Summary

John Redmond, a director of Vail Resorts Inc. (MTN), was granted 1,281 Restricted Share Units (RSUs) on 09/27/2025 that vest in one installment on 09/27/2025. The RSUs have a reported price of $0. After the reported transaction, the filing shows 23,854 shares of common stock beneficially owned by the reporting person, held directly. The Form 4 was signed by an attorney-in-fact on 09/30/2025.

This filing discloses a routine equity award to a director; it does not include exercise or cash purchase activity, nor derivative holdings following the reported grant.

Positive

• Reporting person John Redmond (a director) was granted 1,281 Restricted Share Units on 09/27/2025 that vest on 09/27/2025.
• Filing shows 23,854 shares of common stock beneficially owned by the reporting person following the reported transaction.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity award; standard disclosure of RSU grant and resulting direct ownership.

The Form 4 reports a non-derivative grant of 1,281 Restricted Share Units to a director, with vesting on 09/27/2025 and a reported price of $0. The filing confirms direct beneficial ownership of 23,854 common shares following the grant. This is a customary disclosure for executive or director compensation and raises no immediate governance concerns based solely on the reported items.

Executive Compensation Analyst

TL;DR: Compensation disclosure shows a single-year RSU grant; impact on share count appears immaterial from this form alone.

The reported RSU award is documented as a restricted share unit grant that vests in one installment one year after grant. The transaction code and $0 price reflect a typical RSU issuance rather than a market purchase. Without additional context on company-wide grant levels or total diluted shares, the material impact cannot be assessed from this Form 4 alone.

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

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

1. Name and Address of Reporting Person^*

REDMOND JOHN

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2025

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	09/27/2025		M		1,281	A	$0	23,854	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	09/27/2025		M			1,281	(1)	(1)	Common Stock	1,281	$0	0	D

Explanation of Responses:

1. On September 27, 2024, Reporting Person was granted 1,281 Restricted Share Units, which vest in one installment on September 27, 2025.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for John Redmond	09/30/2025
	** 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 John Redmond report on the Form 4 for Vail Resorts (MTN)?

The Form 4 reports a grant of 1,281 Restricted Share Units to John Redmond on 09/27/2025, vesting on 09/27/2025, and 23,854 shares beneficially owned following the transaction.

When do the RSUs reported on this Form 4 vest?

The Restricted Share Units vest in one installment on 09/27/2025 as stated in the filing.

What price was reported for the RSU grant in the Form 4?

The Form 4 shows a reported price of $0 for the RSU grant.

Who signed the Form 4 for John Redmond and when was it signed?

The Form 4 was signed by Lucy Jensen, Attorney-in-Fact for John Redmond on 09/30/2025.

Does the Form 4 show any derivative securities owned by John Redmond after the transaction?

No. The filing reports the RSU grant as a restricted share unit and shows 0 derivative securities beneficially owned following the reported transaction.