Form 4: Ryman Hospitality Executive Receives Additional Restricted Stock Units Tied to Dividend

Scott J. Lynn, EVP, Secretary, and General Counsel of Ryman Hospitality Properties, Inc., received 7,244 additional restricted stock units as a result of the company's $1.15 per share dividend paid on July 15, 2025.

Summary

• Scott J. Lynn, the Executive Vice President, Secretary, and General Counsel of Ryman Hospitality Properties, Inc. (RHP), was granted additional restricted stock units (RSUs).
• The grant of 7,244 additional RSUs was a direct result of the company's $1.15 per share dividend paid on July 15, 2025.
• The number of additional RSUs was determined based on the dividend amount per share and the closing price of Ryman Hospitality Properties' common stock on the NYSE as of June 30, 2025.
• The newly received RSUs are subject to various vesting schedules:
• 667 RSUs will vest 100% on March 15, 2026.
• 1,434 RSUs will vest on a one-to-one share basis, 50% on March 15, 2026, and 50% on March 15, 2027.
• 2,038 RSUs will vest ratably in 1/4 increments over four years, beginning on March 15, 2025.
• 3,105 RSUs will vest ratably in 1/4 increments over four years, beginning on March 15, 2026.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a routine executive compensation event that aligns management interests with shareholders and reflects the company's dividend payment. There are no negative implications.

Positives

• The grant of additional restricted stock units to a key executive aligns management's interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The mechanism of granting additional RSUs in lieu of cash dividends for unvested awards is a common practice that helps retain capital within the company while still compensating executives for dividend equivalents.

Future Outlook

The future outlook for Scott J. Lynn's equity holdings includes the vesting of 7,244 restricted stock units over various schedules, with vesting dates extending through March 15, 2027, and potentially beyond for the ratable vesting tranches.

Management Comments

• The company paid a $1.15 dividend per share of outstanding common stock on July 15, 2025.
• Additional restricted stock units were granted to the reporting person based on the dividend amount and the common stock's closing price on June 30, 2025, in accordance with the terms of outstanding RSU awards.

Industry Context

This Form 4 filing reflects a routine insider transaction related to executive compensation and dividend equivalents. It is common practice for publicly traded companies to grant equity awards, such as restricted stock units, to executives to align their incentives with shareholder value. The adjustment of RSU holdings due to dividend payments is a standard feature of many equity compensation plans, particularly in industries where dividends are a regular component of shareholder returns, such as hospitality REITs.

Stakeholder Impact

• Shareholders: The payment of a $1.15 dividend per share benefits common shareholders. The grant of RSUs to an executive aligns their interests with shareholders, potentially encouraging long-term value creation.
• Employees (Executives): Scott J. Lynn's compensation package is enhanced through the receipt of additional equity, which incentivizes performance and retention.

Next Steps

• Continued vesting of the granted restricted stock units according to their respective schedules, with the earliest full vesting on March 15, 2026, and other tranches vesting ratably over several years.

Key Dates

Keywords

Ryman Hospitality Properties, RHP, Scott J. Lynn, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Executive Compensation, Dividend Reinvestment, Corporate Governance