Form 4: Ryman Hospitality CFO Gains RSUs from Dividend

Ryman Hospitality Properties' EVP & CFO, Jennifer L. Hutcheson, received additional restricted stock units as a result of a $1.15 per share dividend paid on October 15, 2025.

Summary

• Jennifer L. Hutcheson, Executive Vice President and Chief Financial Officer of Ryman Hospitality Properties, Inc. (RHP), reported changes in her beneficial ownership of derivative securities.
• She received additional restricted stock units (RSUs) due to a $1.15 dividend per share of outstanding common stock paid by the issuer on October 15, 2025.
• The amount of additional RSUs was based on the dividend per share and the closing price of RHP's common stock on the NYSE on September 30, 2025.
• The reported additional RSUs include grants of 1,080, 2,290, 2,683, and 4,086 units, totaling 10,139 additional RSUs.
• These RSUs have various vesting schedules: 1,080 units vest 100% on March 15, 2026; 2,290 units vest 50% on March 15, 2026, and 50% on March 15, 2027; 2,683 units vest ratably in 1/4 increments over four years beginning March 15, 2025; and 4,086 units vest ratably in 1/4 increments over four years beginning March 15, 2026.

Sentiment

Score: 7

Explanation: The filing indicates a routine, positive event for the executive, as additional equity was granted as part of a dividend distribution, aligning executive interests with shareholder returns. It does not present any negative or unexpected information.

Positives

• EVP & CFO Jennifer L. Hutcheson received additional restricted stock units, increasing her equity stake in Ryman Hospitality Properties.
• The additional units were granted as a result of a dividend payment, indicating a mechanism for equity holders to benefit from company performance and aligning executive interests with shareholder returns.

Related Party Transactions

• Grant of additional restricted stock units to EVP & CFO Jennifer L. Hutcheson, a related party, as part of her compensation, triggered by a dividend payment.

Stakeholder Impact

• Shareholders: The dividend payment benefits shareholders, and the additional RSU grants further align executive interests with shareholder returns, potentially fostering long-term value creation.
• Management: EVP & CFO Jennifer L. Hutcheson's equity stake increases, strengthening her alignment with the company's performance and shareholder value.

Next Steps

• Vesting of 1,080 restricted stock units on March 15, 2026.
• Vesting of 2,290 restricted stock units, with 50% on March 15, 2026, and 50% on March 15, 2027.
• Continued ratable vesting of 2,683 restricted stock units over four years, which began on March 15, 2025.
• Continued ratable vesting of 4,086 restricted stock units over four years, which began on March 15, 2026.

Key Dates

Recommendation

This Form 4 reports a routine grant of additional restricted stock units to a key executive, triggered by a dividend payment. While it indicates continued alignment of management's interests with shareholders, it does not provide new fundamental information to alter an investment thesis. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Ryman Hospitality Properties, RHP, Form 4, insider transaction, restricted stock units, RSU, dividend, executive compensation, Jennifer Hutcheson