Korch Angela A 4

4 · VAIL RESORTS INC · Filed Oct 1, 2025

Form 4

Period: 2025-09-29

EVP & Chief Financial Officer

Transactions

Tax Payment
Common Stock
2025-09-29$148.06/sh−523$77,435→ 4,695 total
Award
Restricted Share Unit
2025-09-30+5,867→ 5,867 total
Exercise: $0.00→ Common Stock (5,867 underlying)
Award
Common Stock
2025-09-29+1,195→ 5,218 total
Award
Share Appreciation Right
2025-09-30+23,341→ 23,341 total
Exercise: $149.57Exp: 2035-09-30→ Common Stock (23,341 underlying)
Exercise/Conversion
Restricted Share Unit
2025-09-29+1,195→ 1,196 total
Exercise: $0.00→ Common Stock (1,195 underlying)

Footnotes (4)

[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.
[F2]On September 29, 2023, Reporting Person was granted 3,586 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.
[F3]On September 30, 2025, Reporting Person was granted 5,867 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.
[F4]On September 30, 2025, Reporting Person was granted 23,341 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

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