[Form 4] VAIL RESORTS INC Insider Trading Activity

Rhea-AI Filing Summary

Hilary Schneider, a director of Vail Resorts, Inc. (MTN), was granted 1,281 Restricted Share Units on 09/27/2024 that vest in one installment on 09/27/2025. The reported transaction (code M) shows 1,281 RSUs issued at a $0 price; following the grant the reporting person beneficially owned 17,111 shares of Common Stock. The Form 4 was signed by an attorney-in-fact on 09/30/2025 and lists the reporting person as a director based at the issuer's Broomfield, Colorado address.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant aligns compensation with shareholder outcomes and vests in one year.

The Form 4 documents a standard restricted share unit award to a director, with 1,281 RSUs granted on 09/27/2024 and vesting in one installment on 09/27/2025. The award is reported under transaction code M and carries no immediate cash price. Such awards are commonly used to align director incentives with long-term shareholder value; the filing shows post-grant beneficial ownership of 17,111 common shares. There is no indication of accelerated vesting, disposition, or derivative transactions beyond the RSU grant.

Securities Regulatory Analyst

TL;DR: Disclosure is complete for the reported grant; no unusual trading or dispositions disclosed.

The Form 4 provides the required Section 16 disclosure for an equity award: 1,281 RSUs granted (transaction date 09/27/2024), vesting 09/27/2025, with a resulting beneficial ownership of 17,111 shares. The form is dated and signed by an attorney-in-fact on 09/30/2025. Transaction code M is consistent with grants under compensation plans. There are no reported sales, option exercises, or derivative holdings resulting from this filing.

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
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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^*

SCHNEIDER HILARY

(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	17,111	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 Hilary Schneider	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 equity award did Hilary Schneider report on Form 4 for Vail Resorts (MTN)?

The filing reports a grant of 1,281 Restricted Share Units on 09/27/2024 that vest in one installment on 09/27/2025.

How many Vail Resorts (MTN) shares does Hilary Schneider beneficially own after the reported transaction?

The Form 4 reports 17,111 shares of Common Stock beneficially owned following the grant.

What transaction code is used in the Form 4 and what does it indicate?

The filing uses transaction code M, which is reported for grants/awards under compensation arrangements; the RSUs were issued at a reported price of $0.

When was the Form 4 for Hilary Schneider signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 09/30/2025.

What is Hilary Schneider's relationship to Vail Resorts as disclosed on the form?

The form checks the box indicating the reporting person is a Director of Vail Resorts, Inc.