REED COLIN V 4

What Happened Colin V. Reed, Executive Chairman of Ryman Hospitality Properties, received two equity awards on February 18, 2026 totaling 20,621 restricted stock units (RSUs): 10,284 RSUs granted as time-based awards and 10,337 RSUs granted as performance-based awards. Both grants were reported as derivative awards with an acquisition price of $0.00 (no cash paid). These are grants of future shares (not open-market purchases or sales).

Key Details

• Transaction date: 2026-02-18; reported on Form 4 filed 2026-02-20.
• Grants: 10,284 RSUs (time-based) and 10,337 RSUs (performance-based). Price per unit reported as $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote F1 (time-based RSUs): Vest ratably over four years beginning March 15, 2027.
• Footnote F2 (performance RSUs): Vest on March 15, 2029 at 0%–150% of target based on RHP’s total stockholder return vs. designated peer groups.
• Filing timeliness: Form 4 filed two days after the grant date (within standard Form 4 timing rules).

Context These awards are standard long-term compensation — time-based RSUs vest over multiple years and performance RSUs depend on future relative TSR results. RSU grants are derivative awards that convert to actual shares only if and when vesting conditions are met; they are not immediate purchases or sales and do not, by themselves, indicate insider buying or selling intent.