Vail Resorts director Michele Romanow acquires 1,563 shares

The restricted share units were granted on September 30, 2025, and vested in one installment on September 30, 2026.

Rhea-AI Filing Summary

Vail Resorts (MTN) director Michele Romanow had 1,563 restricted share units vest on September 30, 2026, with 1,563 common shares acquired. Separately, 77 shares were withheld at $137.18 per share to satisfy withholding and other taxes due in connection with vesting. The units were granted on September 30, 2025, and vested in one installment.

Insider Trade Summary

1,563 shares exercised/converted

Exercise 3 txns

Insider Romanow Michele

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit F2	1,563	$0.00	$0.00
Exercise	Common Stock	1,563	$0.00	$0.00
Tax Withholding	Common Stock F1	77	$137.18	$11K

Holdings After Transaction: Restricted Share Unit — 0 contracts (Direct); Common Stock — 9,776 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 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 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

Key Figures

Restricted share units granted: 1,563 units Restricted share units vested: 1,563 units Common shares acquired: 1,563 shares +2 more

5 metrics

Restricted share units granted 1,563 units Granted September 30, 2025

Restricted share units vested 1,563 units September 30, 2026

Common shares acquired 1,563 shares Upon vesting on September 30, 2026

Shares withheld 77 shares For withholding and other taxes due in connection with vesting

Price per share $137.18 per share Shares withheld in connection with vesting

Key Terms

Restricted Share Units, vest in one installment, withholding and other taxes

3 terms

Restricted Share Units financial

"granted 1,563 Restricted Share Units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

vest in one installment financial

"vest in one installment on September 30, 2026"

withholding and other taxes 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 Michele Romanow receive when her RSUs vested?

Michele Romanow acquired 1,563 Vail Resorts common shares as 1,563 restricted share units vested on September 30, 2026. The units had been granted on September 30, 2025.

How many MTN shares were withheld for taxes from Michele Romanow's RSU vesting?

77 shares were withheld from the common-share issuance to satisfy withholding and other taxes due in connection with vesting. The reported price was $137.18 per share.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/01/2026 - 07:45 PM Accepted by SEC EDGAR 10/01/2026 - 07:44 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^*

Romanow Michele

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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	09/30/2026		M		1,563	A	$0	9,853	D
Common Stock	09/30/2026		F		77(1)	D	$137.18	9,776	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	09/30/2026		M			1,563	(2)	(2)	Common Stock	1,563	$0	0	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 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Nicholas Caviolo, Attorney-in-Fact for Michele Romanow	10/01/2026
	** 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)