[Form 4] VAIL RESORTS INC Insider Trading Activity

Rhea-AI Filing Summary

Hilary Schneider, a director of Vail Resorts Inc. (ticker: MTN), was granted 1,563 Restricted Share Units (RSUs) on September 30, 2025. The RSUs have a $0 per-share conversion value and vest in one installment on September 30, 2026, at which time they convert into 1,563 shares of common stock. Following the grant, Ms. Schneider directly beneficially owns 1,563 shares subject to the reported award. The Form 4 was signed by an attorney-in-fact on October 1, 2025. The filing indicates this is an individual reporting the grant in the normal course of director compensation.

Positive

• 1,563 RSUs granted to align the director's interests with shareholders
• One‑year vesting provides a clear retention incentive
• Direct beneficial ownership recorded, enhancing disclosure transparency

Negative

• None.

Insights

Corporate Governance Expert

Director received standard time‑based RSUs to align long‑term interests with shareholders.

The grant of 1,563 RSUs to a board director appears consistent with typical director compensation practices designed to retain and align independent directors with shareholder value. The award vests in one year, which provides a short‑to‑medium term retention incentive. The filing shows direct beneficial ownership of the awarded shares once vested and does not indicate any sale or disposition. No material dilution or unusual terms are disclosed in this Form 4.

Securities Analyst

Small, routine equity grant; immaterial to MTN capitalization but relevant for governance disclosure.

From a securities reporting perspective, this is a routine Section 16 disclosure documenting insider compensation. The quantity (1,563 RSUs) and single‑installment one‑year vesting schedule imply limited immediate impact on share count and no cash transaction. The Form 4 is timely and properly signed by an attorney‑in‑fact, meeting reporting requirements.

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)
09/30/2025

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

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	09/30/2025		A		1,563		(1)	(1)	Common Stock	1,563	$0	1,563	D

Explanation of Responses:

1. On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for Hilary Schneider	10/01/2025
	** 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 Hilary Schneider report on the Form 4 for Vail Resorts (MTN)?

The Form 4 reports a grant of 1,563 Restricted Share Units on September 30, 2025, which vest on September 30, 2026 and convert into 1,563 shares of common stock.

When do Ms. Schneider's RSUs for MTN vest?

The RSUs vest in one installment on September 30, 2026.

Does the Form 4 show any sale or disposition of MTN shares by the reporting person?

No. The Form 4 only discloses an acquisition (grant) of RSUs and shows no sales or disposals.

What is the reported price per share for the RSU award?

The RSU award is reported with a conversion value of $0 for the restricted share units (standard for RSU grants that convert to common stock upon vesting).

Who signed the Form 4 for Hilary Schneider?

The Form 4 was signed by Lucy Jensen, Attorney‑in‑Fact for Hilary Schneider on October 1, 2025.