Michael Z. Barkin - 12 Dec 2022 Form 4 Insider Report for VAIL RESORTS INC (MTN)

Role
EVP & Chief Financial Officer
Signature
/s/ David Shapiro, Attorney-in-Fact for Michael Z. Barkin
Issuer symbol
MTN
Transactions as of
12 Dec 2022
Net transactions value
-$2,166,532
Form type
4
Filing time
14 Dec 2022, 16:04:37 UTC
Previous filing
27 Sep 2022
Next filing
15 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTN Common Stock Options Exercise $1,751,803 +7,682 +40% $228.04 26,985 12 Dec 2022 Direct
transaction MTN Common Stock Tax liability $1,851,701 -7,188 -27% $257.61 19,797 12 Dec 2022 Direct F1
transaction MTN Common Stock Options Exercise $2,919,759 +12,364 +62% $236.15 32,161 12 Dec 2022 Direct
transaction MTN Common Stock Tax liability $3,036,449 -11,787 -37% $257.61 20,374 12 Dec 2022 Direct F1
transaction MTN Common Stock Options Exercise $2,066,986 +9,176 +45% $225.26 29,550 12 Dec 2022 Direct
transaction MTN Common Stock Tax liability $2,197,413 -8,530 -29% $257.61 21,020 12 Dec 2022 Direct F1
transaction MTN Common Stock Options Exercise $2,022,214 +8,161 +39% $247.79 29,181 12 Dec 2022 Direct
transaction MTN Common Stock Tax liability $2,057,531 -7,987 -27% $257.61 21,194 12 Dec 2022 Direct F1
transaction MTN Common Stock Sale $489,674 -1,891 -8.9% $258.95 19,303 12 Dec 2022 Direct F2
transaction MTN Common Stock Sale $646,650 -2,500 -13% $258.66 16,803 12 Dec 2022 Direct F3
transaction MTN Common Stock Sale $647,875 -2,500 -15% $259.15 14,303 12 Dec 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTN Share Appreciation Right Options Exercise $0 -7,682 -100% $0.000000* 0 12 Dec 2022 Common Stock 7,682 $228.04 Direct F5
transaction MTN Share Appreciation Right Options Exercise $0 -12,364 -100% $0.000000* 0 12 Dec 2022 Common Stock 12,364 $236.15 Direct F6
transaction MTN Share Appreciation Right Options Exercise $0 -9,176 -67% $0.000000 4,589 12 Dec 2022 Common Stock 9,176 $225.26 Direct F7
transaction MTN Share Appreciation Right Options Exercise $0 -8,161 -100% $0.000000* 0 12 Dec 2022 Common Stock 8,161 $247.79 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock were withheld from the issuance of common stock to the Reporting Person upon exercise in order to satisfy the Reporting Person's obligations for payment of the exercise price and withholding and other taxes due in connection therewith.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.71 to $259.23, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.97 to $258.96, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.99 to $259.44, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 On September 27, 2017, Reporting Person was granted 7,682 Share Appreciation Rights, which vested in three equal installments beginning on September 27, 2018.
F6 On September 25, 2019, Reporting Person was granted 12,364 Share Appreciation Rights, which vested in three equal installments beginning on September 25, 2020.
F7 On September 25, 2020, Reporting Person was granted 13,765 Share Appreciation Rights, which vest in three equal instalments beginning on September 25, 2021
F8 On September 25, 2020, Reporting Person was granted 8,161 Share Appreciation Rights, which vested in one installment.