Vail Resorts Director Reginald Chambers Converts 1,563 RSUs

What Happened

• Reginald Chambers, a director of Vail Resorts Inc. (MTN), had 1,563 restricted share units (RSUs) convert into common shares on September 30, 2026. The Form 4 reports an acquisition of 1,563 shares at $0.00 and a simultaneous disposition of 1,563 shares at $0.00. The filing shows no cash value exchanged in these transactions.

Key Details

• Transaction date: 2026-09-30
• Transaction type/code: Exercise/conversion of derivative (Code M)
• Shares acquired: 1,563 at $0.00 (total $0)
• Shares disposed: 1,563 at $0.00 (total $0)
• Shares owned after transaction: Not specified in the filing
• Footnote: Reporting person was granted 1,563 RSUs on 2025-09-30 that vest in one installment on 2026-09-30 (Footnote F1)
• Filing timeliness: Report filed 2026-10-01 for a 2026-09-30 transaction (appears timely)
• Exhibit: Exhibit 24 — Power of Attorney

Context

• Code M denotes exercise or conversion of a derivative; here that reflects RSUs vesting and converting into shares rather than an open-market buy or sell. Because both the acquisition and disposition are reported at $0.00, this appears to be a settlement/vesting event (the filing does not specify whether shares were withheld for taxes or otherwise surrendered). These kinds of vesting/settlement transactions are typically routine compensation events and do not directly signal a buy or sell decision in the open market.