Vail Resorts (MTN) GC Julie DeCecco Receives RSUs; 490 Shares Withheld

What Happened

• Julie A. DeCecco, General Counsel & Chief Public Affairs Officer of Vail Resorts (MTN), had Restricted Share Units (RSUs) convert to common stock on Sept. 29–30, 2026. A total of 1,695 shares were issued upon conversion (403 on 9/29 and 1,292 on 9/30). To satisfy tax withholding obligations, 490 shares were withheld (118 shares on 9/29 at $141.29; 372 shares on 9/30 at $137.18), totaling about $67,703. Net shares retained by DeCecco from these vestings: 1,205 shares. The derivative conversions show $0.00 per-share because these were RSU vestings (no exercise price).

Key Details

• Transaction dates and prices:
  • 2026-09-29: 403 RSU shares converted; 118 shares withheld at $141.29 (≈ $16,672).
  • 2026-09-30: 1,292 RSU shares converted; 372 shares withheld at $137.18 (≈ $51,031).
• Net effect: 1,695 shares issued, 490 shares withheld for taxes, net +1,205 shares to the insider.
• Shares owned after transaction: Not specified in the Form 4 (filing reports the vesting and withholding but does not state post-transaction total holdings).
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = 1,206 RSUs granted 9/29/2023 vesting in 3 equal annual installments (explains ~403 share vesting); F3 = 3,876 RSUs granted 9/30/2025 vesting in 3 equal annual installments (explains 1,292 share vesting).
• Filing timing: Report filed 2026-10-01 for transactions on 9/29–9/30/2026; this appears to be a timely Form 4 filing.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.

Context

• These transactions reflect routine RSU vesting and cashless share withholding to cover taxes, not an open-market purchase or discretionary sale. Such withholding is a common administrative step and does not necessarily indicate a change in insider sentiment about the company.