PRATHER ROBERT S JR 4

What Happened
Robert S. Prather Jr., a director of Ryman Hospitality Properties, Inc. (RHP), was granted 1,262 restricted stock units (RSUs) on May 7, 2026. The RSUs were awarded at $0.00 (no cash purchase); each RSU will convert into one share of common stock when the restrictions lapse. This is an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Grant (award) of 1,262 RSUs at $0.00 per unit.
• Vesting / conversion: Footnote states RSUs will lapse (and, unless deferred, one share issued per RSU) on May 7, 2027.
• Shares owned after transaction: Not specified in the provided filing.
• Filing: Form 4 filed 2026-05-11 (filed within the required two business days).
• Notes: This is a compensation award to a director (common practice); not a purchase or sale that directly signals personal cash investment or divestment.

Context
RSUs are a form of deferred compensation: no shares are issued immediately and the recipient does not receive shares until the restrictions lapse (vesting). Director awards are routine corporate compensation and should be interpreted differently from open-market purchases or sales by insiders.