Chaffin Patrick S 4

What Happened Patrick S. Chaffin, EVP & COO of Ryman Hospitality Properties (RHP), was granted two restricted stock unit (RSU) awards on February 18, 2026, totaling 12,273 RSUs (6,120 and 6,153 units). Both were granted at a $0.00 purchase price and are reported as derivative awards (transaction code A). This is a compensation grant, not a market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (generally within Section 16’s 2-business-day reporting window).
• Grants: 6,120 RSUs and 6,153 RSUs — total 12,273 RSUs; grant price $0.00.
• Securities type: Derivative (restricted stock units). RSUs convert to shares only upon vesting.
• Vesting/footnotes:
  • F1 (time-based): vest ratably over four years beginning March 15, 2027.
  • F2 (performance-based): vest on March 15, 2029 at 0%–150% of target based on RHP’s total shareholder return vs. the median of two peer groups.
• Shares owned after the transaction: not disclosed in the excerpt provided.
• Transaction code: A = Award/Grant.

Context RSU grants are a common form of executive compensation intended to retain executives and align pay with performance; they are not immediate purchases or sales and only become actual shares if/when vesting conditions are met. Performance-based components mean the final number of shares delivered could be higher or lower (0–150% of target) depending on future relative TSR outcomes.