Vail Resorts CEO Converts 1,148 Units Into Shares

Katz received a 3,445-unit RSU award on September 27, 2024, vesting in three equal installments beginning September 27, 2025.

Rhea-AI Filing Summary

Vail Resorts (MTN) CEO & Chairperson of the Board Robert A. Katz reported converting 1,148 Restricted Share Units into 1,148 common shares on September 27, 2026. Another 336 common shares were withheld from issuance to satisfy withholding and other taxes, at a reported per-share price of $136.11. Katz’s reported position after the transaction included 1,149 Restricted Share Units.

Insider Trade Summary

1,148 shares exercised/converted

Exercise 3 txns

Insider KATZ ROBERT A

Role CEO & Chairperson of the Board

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit F2	1,148	$0.00	$0.00
Exercise	Common Stock	1,148	$0.00	$0.00
Tax Withholding	Common Stock F1	336	$136.11	$46K

Holdings After Transaction: Restricted Share Unit — 1,149 contracts (Direct); Common Stock — 287,583 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 27, 2024, Reporting Person was granted 3,445 RSUs, which vest in three equal installments beginning on September 27, 2025.

Key Figures

Restricted Share Units converted: 1,148 shares Common shares acquired: 1,148 shares Common shares withheld for taxes: 336 shares +4 more

7 metrics

Restricted Share Units converted 1,148 shares September 27, 2026

Common shares acquired 1,148 shares September 27, 2026

Common shares withheld for taxes 336 shares Upon vesting; September 27, 2026

Reported per-share price $136.11 per share For the 336 shares withheld

Restricted Share Units following transaction 1,149 shares Reported position following the transaction

Restricted Share Units granted 3,445 shares September 27, 2024

Vesting installments 3 installments Beginning September 27, 2025

Key Terms

Restricted Share Units, vesting, withholding and other taxes

3 terms

Restricted Share Units technical

"vesting of 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.

vesting technical

"vest in three equal installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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 Vail Resorts (MTN) shares did Robert A. Katz acquire?

Robert A. Katz acquired 1,148 common shares through the RSU conversion on September 27, 2026. The transaction was not reported under a Rule 10b5-1 plan.

When was Robert A. Katz’s Vail Resorts (MTN) RSU award granted, and how does it vest?

Katz was granted 3,445 RSUs on September 27, 2024, which vest in three equal installments beginning September 27, 2025.

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

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Available on EDGAR 09/29/2026 - 05:55 PM Accepted by SEC EDGAR 09/29/2026 - 05:55 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^*

KATZ ROBERT A

(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
X	Officer (give title below)		Other (specify below)
	CEO & Chairperson of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2026

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	09/27/2026		M		1,148	A	$0	287,919	D
Common Stock	09/27/2026		F		336(1)	D	$136.11	287,583	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	09/27/2026		M			1,148	(2)	(2)	Common Stock	1,148	$0	1,149	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 27, 2024, Reporting Person was granted 3,445 RSUs, which vest in three equal installments beginning on September 27, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Nicholas Caviolo, Attorney-in-Fact for Robert A. Katz	09/29/2026
	** 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)