ROTH MICHAEL ISOR 4

What Happened

• Michael Roth, a director of Ryman Hospitality Properties (RHP), received a grant of 1,262 restricted stock units (RSUs) on May 7, 2026 (coded A). The filing also reports an exercise/conversion of a derivative on May 8, 2026 (coded M) resulting in 1,332 shares acquired and an immediate disposition of 1,332 shares. All transactions are reported at $0.00.

Key Details

• Transaction dates and prices:
  • May 7, 2026 — Grant/award of 1,262 RSUs (price $0.00).
  • May 8, 2026 — Exercise/conversion: 1,332 shares acquired (price $0.00) and 1,332 shares disposed (price $0.00).
• Shares owned after the transactions: Not specified in the Form 4.
• Filing date / timeliness: Form 4 filed May 11, 2026 — appears timely relative to the reported dates.
• Footnotes from the filing:
  • F1: The RSU grant represents an annual restricted stock unit award; upon lapse of restrictions, one share of common stock will be issued per RSU (default lapse noted as May 7, 2027 unless deferred).
  • F2: The restricted stock unit vests 100% on May 8, 2026.
• Note: The filing does not explain the numeric difference between the 1,262 RSUs granted and the 1,332 shares converted/exercised.

Context

• The transactions include an RSU award (A) and conversion/exercise of a derivative (M). RSUs convert into common shares on vesting; the $0.00 reporting indicates no cash purchase price in these steps.
• The filing shows an immediate disposition of the converted shares. Such immediate dispositions can reflect routine settlement or withholding actions and do not, by themselves, indicate the insider’s view on the company’s stock.