Form 4: Vail Resorts Exec. Chair Robert Katz Reports Share Transactions
SEC Form 4 Filing
Robert Katz, Executive Chair of Vail Resorts, reports exercising share appreciation rights and selling shares on October 1st and 2nd, 2024.
Summary
- Robert Katz, the Executive Chair of the Board at Vail Resorts, reported transactions involving the company's common stock.
- On October 1, 2024, Katz exercised share appreciation rights (SARs) to acquire 18,527 shares at $107.42 and 42,385 shares at $134.28.
- Simultaneously, 14,574 and 37,042 shares were withheld to cover the exercise price and tax obligations.
- On October 2, 2024, Katz sold 6,700 shares at an average price of $175.69 and 2,596 shares at an average price of $176.73.
- Following these transactions, Katz directly owns 245,961 shares of Vail Resorts common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are made by executives at comparable companies like Alterra Mountain Company and Powdr Corporation, detailing their stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, potentially influencing the stock price in the short term.
- The filing ensures transparency for all stakeholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 09/25/2015 | Reporting Person was granted 18,527 and 42,385 Share Appreciation Rights (SARs). |
| 09/25/2016 | SARs vest in three equal annual installments beginning on this date. |
| 10/01/2024 | Katz exercised SARs and shares were withheld for tax obligations. |
| 10/02/2024 | Katz sold shares of common stock. |
| 10/03/2024 | Date of the report filing. |
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