Form 4: Ryman Hospitality Properties Director Receives Additional Restricted Stock Units Due to Dividend

Alvin L Bowles JR, a director of Ryman Hospitality Properties, received additional restricted stock units as a result of the company's dividend payment.

Summary

• Alvin L Bowles JR, a director of Ryman Hospitality Properties, Inc. (RHP), filed a Form 4 on July 15, 2024, reporting changes in beneficial ownership.
• The report indicates that Bowles received additional restricted stock units (RSUs) due to the $1.10 dividend per share paid by Ryman Hospitality Properties on July 15, 2024.
• These RSUs were granted in accordance with the terms of Bowles' outstanding restricted stock unit awards.
• The amount of RSUs received was based on the dividend per share and the closing price of RHP's common stock on June 28, 2024.
• Bowles directly owns 1,424 RSUs, 672 RSUs, and 1,164 RSUs.
• The director has deferred vesting of some restricted stock units until termination of his service as a director.
• 1,164 Restricted Stock units vest 100% on May 9, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to director compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It reflects how dividends can impact equity-based compensation for directors and executives.

Stakeholder Impact

• The receipt of RSUs by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates