BURGOYNE CELESTE 4

What Happened Celeste Burgoyne, EVP and Chief Revenue Officer of Vail Resorts (MTN), received equity compensation on February 1, 2026. The filing shows grants of 51,549 Restricted Share Units (RSUs) and 38,665 Share Appreciation Rights (SARs). Each grant is recorded as an award (code A) with an acquisition price of $0.00 — these are compensation awards, not open-market purchases or sales.

Key Details

• Transaction date and price: Feb 1, 2026; recorded acquisition price $0.00 (award).
• Grants by line item:
  • 17,281 RSUs vesting in one installment on Feb 1, 2027.
  • 24,393 RSUs vesting in three equal annual installments beginning Feb 1, 2027.
  • 9,875 RSUs vesting in three equal annual installments beginning Feb 1, 2027.
  • 38,665 SARs vesting in three equal annual installments beginning Feb 1, 2027.
• Shares owned after transaction: not disclosed in the Form 4 filing.
• Filing timeliness: Form filed Feb 3, 2026 for a Feb 1 grant; appears timely (no late filing noted).
• No 10b5-1 plan, tax-withholding, cashless exercise, or other special settlement details are disclosed in the footnotes.

Context

• RSUs are restricted stock units that convert to company shares when they vest; they represent future equity compensation rather than an immediate purchase or sale. SARs are derivative awards that provide value if the stock price increases (similar economic exposure to appreciation) and typically require vesting before any exercise or settlement.
• These awards are standard executive compensation grants and do not by themselves indicate a buy or sell signal in the open market.