Vail Resorts Director Nadia Rawlinson Receives 1,563 Shares

What Happened
Nadia Rawlinson, a director of Vail Resorts, had 1,563 restricted share units (RSUs) vest and convert into common shares on September 30, 2026. The Form 4 shows a derivative conversion/settlement (transaction code M) for 1,563 shares at $0.00 — i.e., the RSUs converted to stock with no cash exercise price recorded.

Key Details

• Transaction date: 2026-09-30.
• Reported on Form 4 filed 2026-10-01 (timely; within the usual 2-business-day window).
• Reported entries: 1,563 shares acquired via conversion (M) at $0.00; a corresponding derivative disposition (M) of 1,563 units at $0.00 reflecting the RSU settlement.
• Shares owned after the transaction: not specified in this filing.
• Footnote: On 2026-09-30 (grant date listed as Sept 30, 2025), Rawlinson was granted 1,563 RSUs that vest in one installment on Sept 30, 2026.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context
Transaction code M indicates conversion/exercise of a derivative — here, RSUs vesting into common stock. This is not an open-market purchase or sale; it’s the routine vesting/settlement of a previously granted award. Sometimes companies withhold shares for taxes at vesting, but this Form 4 does not show any withholding or sale of shares for tax purposes.