Form 4: Ryman Hospitality Properties Director Receives Annual Grant of Restricted Stock Units

Director Robert S. Prather Jr. received 1,152 restricted stock units (RSUs) from Ryman Hospitality Properties, Inc. on May 9, 2024, which will convert to common stock on May 9, 2025, pending the lapse of restrictions.

Summary

• Robert S. Prather Jr., a director of Ryman Hospitality Properties, Inc. (RHP), received an annual grant of 1,152 restricted stock units (RSUs) on May 9, 2024.
• These RSUs are connected to the director's service and will convert into shares of common stock on May 9, 2025, assuming the restrictions lapse.
• Each RSU will be exchanged for one share of common stock upon the lapse of restrictions.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Future Outlook

The RSUs will convert to common stock on May 9, 2025, pending the lapse of restrictions.

Industry Context

Granting restricted stock units to directors is a common practice to incentivize and align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Restricted stock units are a typical component of equity compensation, vesting over a period of time to encourage long-term commitment.
• The specific amount of RSUs granted varies based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates