Vail Resorts CEO Robert Katz Receives 812 Net Shares After RSU Vesting

What Happened

• Robert A. Katz, CEO and Chair of Vail Resorts (MTN), had 1,148 restricted share units (RSUs) convert into common stock on September 27, 2026. Of those shares, 336 were withheld to satisfy tax withholding obligations at an effective per-share value of $136.11 (total withholding ≈ $45,733), leaving a net 812 shares issued to him. The RSU conversion is reported as a derivative conversion (code M) with the tax withholding reported as code F.

Key Details

• Transaction date: September 27, 2026; Form 4 filed September 29, 2026 (filed timely).
• Conversion: 1,148 RSUs converted into 1,148 shares (reported at $0.00 per share for the conversion).
• Tax withholding: 336 shares withheld at $136.11/share = $45,733 (disposed to cover tax).
• Net shares received: 812 shares (1,148 issued less 336 withheld).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding; F2 notes the RSU grant (3,445 RSUs granted 9/27/2024 vesting in three equal installments beginning 9/27/2025).
• Exhibit: Power of Attorney listed (Exhibit 24).

Context

• This was an RSU vesting and net-share settlement (not a market purchase or open-market sale). Withholding to cover taxes is routine and does not necessarily indicate a change in sentiment. The filing reports the conversion of RSUs into common stock and the related tax-withholding share disposition (a common cashless-style settlement for awards).