Insider Filing: Nathan Gronberg Receives RSUs and SARs at Vail Resorts (MTN)
Rhea-AI Filing Summary
Reporting person: Nathan Mark Gronberg, VP, Controller & CAO of Vail Resorts Inc. The Form 4 discloses transactions on 09/29/2025 and 09/30/2025 affecting both non-derivative common stock and derivative awards. Several restricted share units (RSUs) vested or were granted: withholding of 78 and 64 shares to cover taxes, and grants totaling 2,249 RSUs on 09/30/2025. Share Appreciation Rights (SARs) totaling 4,334 were granted on 09/30/2025 with an exercise/strike reference price of $149.57 and a 2035 expiration, vesting in three equal installments beginning one year after grant. The filings show direct beneficial ownership changes only; totals after transactions are reported per line items.
Positive
- None.
Negative
- None.
Insights
TL;DR: Executive received standard equity compensation: RSU grants, SAR awards, and tax-withholding share dispositions; vesting schedules align with multi-year retention.
The Form 4 documents routine compensation-related equity activity for a senior finance officer. The reporting person had RSUs withheld (78 and 64 shares) to satisfy tax withholding upon vesting and received a new RSU grant of 2,249 units on 09/30/2025 that vest in three equal annual installments beginning on the first anniversary. Additionally, 4,334 Share Appreciation Rights were granted on 09/30/2025 with a stated reference price of $149.57 and expiration on 09/30/2035; these SARs vest over three years. Such grants are typical retention and performance-alignment mechanisms under long-term incentive programs.
TL;DR: Filing appears complete and procedural, showing direct ownership changes, proper withholding, and attorney-in-fact signature.
The Form 4 lists transaction codes consistent with withholding (F) and grant/award (A/M) activity and reports post-transaction beneficial ownership counts for each line. Withholdings were used to satisfy tax obligations upon RSU vesting, and the document is signed by an attorney-in-fact on 10/01/2025. No amendments or corrective statements are indicated. From a disclosure-compliance perspective, the filing furnishes the required details: transaction dates, amounts, ownership form, and grant descriptions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 2,249 | $0.00 | -- |
| Grant/Award | Share Appreciation Right | 4,334 | $0.00 | -- |
| Exercise | Restricted Share Unit | 269 | $0.00 | -- |
| Exercise | Restricted Share Unit | 222 | $0.00 | -- |
| Exercise | Common Stock | 269 | $0.00 | -- |
| Tax Withholding | Common Stock | 78 | $148.06 | $12K |
| Exercise | Common Stock | 222 | $0.00 | -- |
| Tax Withholding | Common Stock | 64 | $148.06 | $9K |
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 805 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date. On September 29, 2023, Reporting Person was granted 666 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date. On September 30, 2025, Reporting Person was granted 2,249 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 4,334 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.
