Hutcheson Jennifer L 4

What Happened
Jennifer L. Hutcheson, Chief Financial Officer of Ryman Hospitality Properties (RHP), had restricted stock units and performance-based units vest on March 15, 2026. A total of 10,794 shares were issued upon vesting (1,093 + 1,161 + 906 + 1,034 time‑based RSUs and 6,600 performance‑based RSUs). To satisfy tax withholding obligations, 4,250 shares were surrendered, leaving Ms. Hutcheson with a net 6,544 shares. All transactions were recorded at $0.00 per share because these were issuances upon vesting (not open‑market buys or sales).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
• Transaction types/codes: M = conversion/exercise of derivative (RSU/PSU vesting); F = shares withheld to satisfy tax withholding.
• Shares issued on vesting: 10,794 total. Shares withheld for taxes: 4,250. Net shares retained: 6,544.
• Breakdown by grant (per footnotes):
  • 1,093 RSU issued (431 withheld; 662 retained)
  • 1,161 RSU issued (457 withheld; 704 retained)
  • 906 RSU issued (357 withheld; 549 retained)
  • 1,034 RSU issued (407 withheld; 627 retained)
  • 6,600 PSU issued (2,598 withheld; 4,002 retained)
• Shares owned after transaction: total beneficial ownership after the vesting is not specified in the filing.
• Filing timeliness: appears timely (filed next day); no late‑filing flag noted.

Context
These transactions are compensation‑related vesting events (time‑based RSUs and performance‑based PSUs), not open‑market purchases or sales. The withholding of shares to cover taxes is a routine administrative step (a cashless/withholding settlement) and does not necessarily signal a change in insider sentiment. The form shows conversion of derivatives into common stock (code M) and subsequent withholding (code F) to cover tax obligations.