Korch Angela A 4

What Happened

• Angela A. Korch, Chief Financial Officer of Vail Resorts, had restricted share units (RSUs) convert to common stock on Feb 1, 2026. A total of 881 shares were issued (408 + 473) at an exercise/conversion cost of $0.00 per share.
• To satisfy tax withholding obligations, 437 shares were withheld (202 + 235) and recorded as disposed, using a withholding price of $133.07 per share, resulting in $58,151 withheld ($26,880 + $31,271).
• These transactions reflect RSU vesting and routine tax-withholding (a cashless settlement), not an open-market sale by the insider.

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (appears timely).
• Shares issued on vesting: 881 shares (408 from a 1,224 RSU grant; 473 from a 1,418 RSU grant — see footnotes).
• Shares withheld for taxes: 437 shares at $133.07/share; total withholding value $58,151.
• Footnotes: F1 explains shares were withheld to satisfy tax obligations; F2 and F3 describe the Feb 1, 2023 RSU grants vesting in three equal annual installments (1,224 and 1,418 RSUs).
• Shares owned after the transaction are not specified in the provided excerpt of the Form 4.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld for tax withholding.

Context

• This was a standard RSU vesting and tax-withholding event (cashless settlement). Withheld shares are routine and do not necessarily indicate a change in insider sentiment. The filings show conversion entries and corresponding withholding disposals to satisfy tax liabilities rather than an open-market sale.