Form 4: Vail Resorts Executive William Rock Reports Stock Transactions
SEC Form 4 Filing
William Rock, President of the Mountain Division at Vail Resorts, reported the acquisition and disposal of common stock related to restricted share units (RSUs) to satisfy tax obligations.
Summary
- On September 24, 2024, William Rock, President of the Mountain Division at Vail Resorts, engaged in transactions involving the company's common stock.
- Rock acquired 246 shares of common stock upon the exercise of restricted share units (RSUs).
- Simultaneously, 71 shares were disposed of to cover withholding taxes associated with the RSU exercise at a price of $188.32 per share.
- Following these transactions, Rock directly owns 6,338 shares of Vail Resorts common stock.
- The transactions are related to RSUs granted on September 24, 2021, which vest in three equal annual installments starting September 24, 2022.
- Rock has granted power of attorney to Julie DeCecco and Lucy Jensen to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Vail Resorts, similar to filings made by executives at comparable companies such as Alterra Mountain Company and Powdr Corporation.
- The vesting schedule of the RSUs is typical, with annual installments being a common structure for executive equity compensation.
- Tax withholding practices related to RSU exercises are also standard across the industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/24/2021 | Reporting Person was granted 736 RSUs, which vest in three equal annual 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 acquisition and disposal related to RSU exercise and tax obligations. |
| 09/25/2024 | Date of Power of Attorney execution. |
| 09/26/2024 | Date of signature on the Form 4 filing. |
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