Bhasin Rachna 4

What Happened

• Rachna Bhasin, a director of Ryman Hospitality Properties, was granted 1,262 restricted stock units (RSUs) on 2026-05-07 and, per the filing, on 2026-05-08 exercised/converted 1,332 derivative units into shares and simultaneously disposed of 1,332 shares. The reported exercise/conversion price for these derivative transactions is $0, so no cash purchase price is shown in the filing.

Key Details

• Transaction dates and codes: 2026-05-07 (A: grant/award of 1,262 RSUs); 2026-05-08 (M: exercise/conversion of 1,332 shares acquired and 1,332 shares disposed).
• Prices/values: All transactions report a $0.00 exercise price/value in the filing (conversion of derivative award rather than a cash purchase).
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Footnotes from the filing:
  • F1: Annual grant of RSUs to the director; upon lapse of restrictions (unless deferred) one share of common stock issued per RSU (lapse date would be May 7, 2027, unless deferred).
  • F2: Restricted Stock Unit vests 100% on May 8, 2026.
• Filing timeliness: Report filed 2026-05-11 for transactions on 5/7 and 5/8. Based on standard Form 4 timing rules, the filing appears timely (not marked late in the filing).

Context

• These entries reflect awards/derivative conversions (RSUs/like awards) rather than open-market purchases. The $0 exercise price indicates conversion of granted units into shares rather than buying shares with cash.
• The filing shows a same-day acquisition and disposal of 1,332 shares (conversion then disposition); "disposed" on a Form 4 can indicate a sale or a transfer (including sell-to-cover or other tax-related movements), but the filing itself does not explain the reason.