KATZ ROBERT A 4

What Happened

• Robert A. Katz, CEO and Chair of Vail Resorts (MTN), had 2,048 restricted share units (RSUs) convert to common stock on June 4, 2026. The gross value of the shares at the withholding price (~$134.40) was about $275,251. Of those, 589 shares were withheld to cover tax obligations (≈ $79,162), leaving a net 1,459 shares delivered to Katz. This was an RSU vesting/tax-withholding event (routine), not an open-market buy or sell.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely).
• Conversion: 2,048 RSUs converted to 2,048 shares (derivative exercise/vesting).
• Tax withholding: 589 shares withheld at $134.40/share = $79,162 (reported as disposition for tax payment).
• Net shares received: 1,459 shares (2,048 − 589).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding. F2 notes the RSUs were granted June 4, 2025 (6,144 RSUs) and vest in three equal annual installments beginning June 4, 2026.

Context

• This was a cashless withholding at vesting (common for RSUs): RSUs converted into shares and a portion surrendered to cover taxes. Such transactions are routine and reflect compensation vesting rather than a directional trade signal.