Form 4: Vail Resorts VP, Controller & CAO Nathan Gronberg Reports Stock Transactions
SEC Form 4 Filing
Nathan Gronberg, VP, Controller & CAO of Vail Resorts, reports the vesting of restricted stock units and subsequent withholding of shares to cover tax obligations.
Summary
- On September 24, 2024, Nathan Gronberg, VP, Controller & CAO of Vail Resorts, reported transactions involving Vail Resorts' common stock.
- 123 Restricted Stock Units (RSUs) vested, converting into 123 shares of common stock.
- 36 shares were withheld to satisfy tax obligations at a price of $188.32 per share.
- Following the reported transactions, Gronberg still beneficially owns 797 shares of Vail Resorts common stock.
- Gronberg also executed a Power of Attorney, appointing Julie DeCecco and Lucy Jensen as attorneys-in-fact to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders and officers to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading.
- Similar filings are common among executives at comparable companies like Marriott International (MAR) and Hilton Worldwide Holdings (HLT) when they engage in stock transactions.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 09/24/2021 | Reporting Person was granted 367 RSUs, which vest in three equal installments beginning on September 24, 2022. |
| 09/24/2024 | Date of stock transactions: vesting of RSUs and withholding of shares for taxes. |
| 09/25/2024 | Date of execution of Power of Attorney. |
| 09/26/2024 | Date of signature on the Form 4 filing. |
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