Vail Resorts Director Peter A. Vaughn Exercises 1,563 RSUs

What Happened

• Peter A. Vaughn, a director of Vail Resorts, Inc. (MTN), reported a derivative conversion on 2026-09-30 in which 1,563 restricted share units (RSUs) vested and converted to 1,563 shares. The Form 4 shows 1,563 shares "acquired" and 1,563 shares "disposed" at $0.00. A footnote confirms these RSUs were granted on 2025-09-30 and vested in one installment on 2026-09-30.

Key Details

• Transaction date: 2026-09-30
• Transaction type/codes: M (exercise/conversion of derivative) — 1,563 shares acquired and 1,563 shares disposed; reported dollar amounts $0.00
• Footnote: RSU grant dated 2025-09-30 that vested 2026-09-30
• Shares owned after transaction: Not specified in the Form 4 filing
• Filing timeliness: Report filed 2026-10-01 (timely under Form 4 rules)
• Exhibit: Exhibit 24 — Power of Attorney

Context

• The filing reflects RSUs converting to common shares (no cash exercise price). The matched "acquired" and "disposed" entries at $0 typically indicate shares were converted on vesting and then immediately withheld or disposed to satisfy tax withholding or related obligations; the Form 4 itself does not state the exact reason for the disposal.
• These types of vesting/conversion events are routine compensation-related transactions and do not necessarily signal insider buying or selling for investment purposes.