CEO & Director Lynch Kirsten A. converted options into 8,036 shares and covered exercise/tax liability with 3,516 shares, increasing direct ownership by 14% to 35,986 units (SEC Form 4)
$MTN
Services-Misc. Amusement & Recreation
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/27/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 09/29/2024 | M | 4,034 | A | $0 | 35,500 | D | |||
| Common Stock | 09/29/2024 | F | 1,765 | D(1) | $180.61 | 33,735 | D | |||
| Common Stock | 09/29/2024 | M | 4,002 | A | $0 | 37,737 | D | |||
| Common Stock | 09/29/2024 | F | 1,751 | D(2) | $180.61 | 35,986 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Share Unit | $0 | 09/27/2024 | A | 15,506 | (3) | (3) | Common Stock | 15,506 | $0 | 15,506 | D | ||||
| Share Appreciation Right | $198.67 | 09/27/2024 | A | 64,268 | (4) | 09/27/2034 | Common Stock | 64,268 | $0 | 64,268 | D | ||||
| Restricted Share Unit | $0 | 09/29/2024 | M | 4,034 | (5) | (5) | Common Stock | 4,034 | $0 | 4,034 | D | ||||
| Restricted Share Unit | $0 | 09/29/2024 | M | 4,002 | (6) | (6) | Common Stock | 4,002 | $0 | 8,006 | D | ||||
| Explanation of Responses: |
| 1. 1,765 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith. |
| 2. 1,751 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith. |
| 3. On September 27, 2024, Reporting Person was granted 15,506 RSUs, which vest in three equal installments beginning on September 27, 2025. |
| 4. On September 27, 2024, Reporting Person was granted 64,268 Share Appreciation Rights, which vest in three equal installments beginning on September 27, 2025. |
| 5. On September 29, 2022, Reporting Person was granted 12,102 RSUs, which vest in three equal installments beginning on September 29, 2023. |
| 6. On September 29, 2023, Reporting Person was granted 12,008 RSUs, which vest in three equal installments beginning on September 29, 2024. |
| Remarks: |
| /s/ Lucy Jensen, Attorney-in-Fact for Kirsten A. Lynch | 10/01/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||