Dividend reinvestment adds 7,800 Ryman (NYSE: RHP) shares for chair
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryman Hospitality Properties Exec. Chairman Colin V. Reed increased his economic exposure to the company by 7,800 common shares on February 27. The purchase was executed at $100.67 per share and, per the filing, represents the reinvestment of previously accrued cash dividends in his SERP account. Following this transaction, his directly held and SERP-credited common stock totals 895,810 shares, including 738,251 shares credited to the SERP that are economically equivalent to common stock and payable in shares after his employment ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,800 shares ($785,226)
Net Buy
7 txns
Insider
REED COLIN V
Role
Exec. Chairman of the Board
Bought
7,800 shs ($785K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 7,800 | $100.67 | $785K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 895,810 shares (Direct);
Common Stock — 23 shares (Indirect, By Ed Reed Trust)
Footnotes (1)
- Purchase represents the reinvestment of previously accrued cash dividends in Mr. Reed's SERP account. Includes 738,251 shares credited to Mr. Reed's SERP account, each of which the economic equivalent of one share of common stock and payable solely in shares of common stock following termination of employment.
FAQ
What insider transaction did Ryman Hospitality Properties (RHP) report?
Ryman Hospitality Properties reported that Exec. Chairman Colin V. Reed acquired 7,800 common shares. The transaction was coded as a purchase and came from reinvestment of previously accrued cash dividends into his SERP account at a price of $100.67 per share.
What is the role of the SERP in Colin V. Reed’s RHP holdings?
The SERP (Supplemental Executive Retirement Plan) credits Colin V. Reed with units economically equivalent to Ryman common stock. These units, totaling 738,251 shares, are payable solely in shares of common stock following termination of employment, aligning long-term incentives with shareholder interests.
Does the Form 4 show any indirect Ryman (RHP) holdings for Colin V. Reed?
Yes. The filing lists indirect holdings in Ryman common stock through entities such as the Ed Reed Trust and several family LLCs. These are reported as indirect ownership positions with separate share tallies for each entity associated with Colin V. Reed.
Was this Ryman (RHP) insider transaction a buy or sell?
The primary reportable transaction was a buy. Colin V. Reed acquired 7,800 Ryman common shares, classified as a purchase, through reinvestment of previously accrued cash dividends into his SERP account rather than through a traditional open-market cash purchase.