MTN Insider Filing: Kunkel Receives 5,068 RSUs and 20,164 SARs
Rhea-AI Filing Summary
Lynanne Kunkel, Chief HR & Transformation Officer of Vail Resorts, reported equity award activity on 09/29/2025 and 09/30/2025. On 09/29/2025 she had 1,031 and 1,023 restricted share units (RSUs) recorded as acquired under transaction code M, with 297 and 295 common shares withheld to satisfy taxes upon vesting at a price of $148.06 per share. On 09/30/2025 she was granted 5,068 RSUs and 20,164 Share Appreciation Rights (SARs) exercisable through 09/30/2035. The Form 4 lists the number of shares or underlying shares following each reported transaction line as provided in the filing.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine executive equity grants and tax-withheld share withholding; no immediate cash transaction other than tax-related withholding.
The Form 4 documents standard compensation-related equity activity for a named officer. The report shows RSU vesting with shares withheld to cover tax obligations and new grants on 09/30/2025 including 5,068 RSUs and 20,164 SARs with a ten-year expiration for the SARs. These items are compensation expense events rather than open-market trades and therefore typically have limited immediate impact on liquidity or capital structure. The filing provides line-by-line post-transaction beneficial ownership counts as reported.
TL;DR Disclosure is consistent with routine executive compensation practices and includes withholding for taxes on vested RSUs.
The filing clearly identifies the reporting person, her role as Chief HR & Transformation Officer, and the mechanics of the transactions: tax-withholding by share surrender and new equity awards granted on 09/30/2025. The SARs vesting schedule and ten-year expiration are disclosed, and the form is signed by an attorney-in-fact. From a governance perspective, the filing meets Section 16 reporting requirements and documents compensation alignment through equity incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 5,068 | $0.00 | -- |
| Grant/Award | Share Appreciation Right | 20,164 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,031 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,023 | $0.00 | -- |
| Exercise | Common Stock | 1,031 | $0.00 | -- |
| Tax Withholding | Common Stock | 297 | $148.06 | $44K |
| Exercise | Common Stock | 1,023 | $0.00 | -- |
| Tax Withholding | Common Stock | 295 | $148.06 | $44K |
Footnotes (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. On September 29, 2022, Reporting Person was granted 3,092 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date. On September 29, 2023, Reporting Person was granted 3,068 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date. On September 30, 2025, Reporting Person was granted 5,068 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date. On September 30, 2025, Reporting Person was granted 20,164 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.
