Form 4: Vail Resorts Exec. Chair Robert Katz Reports Stock Transactions
SEC Form 4 Filing
Robert Katz, Executive Chair of Vail Resorts, reports the acquisition and disposal of common stock due to the exercise of restricted share units to cover tax obligations.
Summary
- Robert Katz, the Executive Chair of the Board at Vail Resorts, reported transactions involving the company's common stock on September 24, 2024.
- Katz acquired 491 shares of common stock through the exercise of restricted share units (RSUs).
- Simultaneously, 142 shares were disposed of to cover tax obligations related to the RSU exercise at a price of $188.32 per share.
- Following these transactions, Katz directly owns 244,843 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. It's a factual report of insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Vail Resorts. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 09/24/2021 | Reporting Person was granted 1,472 RSUs, which vest in three equal installments beginning on September 24, 2022. |
| 09/24/2022 | First vesting date of RSUs granted on September 24, 2021. |
| 09/24/2024 | Date of stock transactions: RSU exercise and tax withholding. |
| 09/25/2024 | Date of Power of Attorney execution. |
| 09/26/2024 | Date of signature for the report. |
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