Bowles Alvin L JR 4

What Happened
Alvin L. Bowles Jr., a director of Ryman Hospitality Properties (RHP), received a grant of 1,262 restricted stock units (RSUs) on May 7, 2026 and, on May 8, 2026, the filing shows the exercise/conversion of 1,332 derivative units into common shares. The reported transactions list $0.00 per share and $0 total value for the conversions and the earlier award (i.e., no cash purchase price was paid).

Key Details

• Transaction dates and types:
  • 2026-05-07: Grant/award of 1,262 RSUs (code A) — acquired, $0.00.
  • 2026-05-08: Exercise/conversion of derivative of 1,332 shares (code M) — acquired, $0.00.
  • 2026-05-08: Exercise/conversion of derivative of 1,332 shares (code M) — disposed, $0.00 (same day).
• Shares owned after the transaction: not provided in the excerpt you supplied.
• Footnotes from the filing:
  • F1: The 1,262 RSUs represent an annual restricted stock unit grant; absent deferral, each RSU will convert to one share when restrictions lapse (noted as May 7, 2027 in the footnote).
  • F2: A restricted stock unit vests 100% on May 8, 2026 (consistent with the conversion reported).
• Filing timeliness: Form 4 was filed on 2026-05-11. Based on the reported transaction dates (May 7–8), the filing falls within the SEC’s two-business-day reporting window.

Context
These are derivative/RSU-related events (awards and vesting/conversion), not open-market buys or sales for cash. RSU conversions often result in receipt of shares when restrictions lapse; the filing also shows a same-day disposition of 1,332 shares but does not state the reason for that disposition (the Form 4 excerpt provided does not specify whether it was a sale, withholding for taxes, or another transfer). Such awards and conversions by directors are typically routine compensation or vesting-related activity rather than directional trading by management.