Vail Resorts (NYSE: MTN) CFO logs RSU vesting, shares withheld for taxes

Rhea-AI Filing Summary

Vail Resorts EVP & Chief Financial Officer Angela A. Korch reported equity award activity on February 1, 2026. A total of 408 and 473 restricted share units were converted into common stock at an exercise price of $0 per share.

To cover tax withholding on these vestings, 202 and 235 shares of common stock were withheld at $133.07 per share. After these transactions, Korch directly beneficially owned 5,349 shares of Vail Resorts common stock.

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).

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^*

Korch Angela 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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	02/01/2026		M		408	A	$0	5,313	D
Common Stock	02/01/2026		F		202(1)	D	$133.07	5,111	D
Common Stock	02/01/2026		M		473	A	$0	5,584	D
Common Stock	02/01/2026		F		235(1)	D	$133.07	5,349	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	02/01/2026		M			408	(2)	(2)	Common Stock	408	$0	0	D
Restricted Share Unit	$0	02/01/2026		M			473	(3)	(3)	Common Stock	473	$0	0	D

Explanation of Responses:

1. Shares of common stock 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 February 1, 2023, Reporting Person was granted 1,224 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

3. On February 1, 2023, Reporting Person was granted 1,418 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for Angela A. Korch	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Vail Resorts (MTN) CFO Angela Korch report?

Vail Resorts CFO Angela Korch reported the vesting of restricted share units into common stock on February 1, 2026. RSUs totaling 408 and 473 units converted to shares, reflecting routine equity compensation activity for an executive officer.

How many Vail Resorts (MTN) RSUs vested for the CFO in this Form 4?

A total of 881 restricted share units vested for the CFO, split into blocks of 408 and 473 units. Each RSU converted into one share of Vail Resorts common stock at an exercise price of $0, consistent with stock-based compensation structures.

Were any Vail Resorts (MTN) shares sold by the CFO in this filing?

The filing shows 202 and 235 shares of common stock were withheld at $133.07 per share. These shares were retained by the issuer to satisfy tax withholding obligations tied to RSU vesting, rather than discretionary open-market sales by the executive.

How many Vail Resorts (MTN) shares does CFO Angela Korch own after these transactions?

After the reported RSU conversions and tax withholdings, Angela Korch directly beneficially owned 5,349 shares of Vail Resorts common stock. This figure reflects her updated direct ownership as of the February 1, 2026 transactions disclosed.

What do the M and F transaction codes mean in the Vail Resorts (MTN) Form 4?

Code M indicates RSUs were exercised or converted into common stock, here at an exercise price of $0. Code F indicates shares were withheld by the issuer at $133.07 per share to cover tax obligations related to those RSU vestings.