Ryan Bennett - 29 Sep 2023 Form 4 Insider Report for VAIL RESORTS INC (MTN)

Role: SVP & Chief Marketing Officer
Signature: /s/ David T. Shapiro, Attorney-in-Fact for Ryan Bennett
Issuer symbol: MTN
Transactions as of: 29 Sep 2023
Net transactions value: -$40,606
Form type: 4
Filing time: 03 Oct 2023, 20:41:38 UTC
Previous filing: 27 Sep 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	$0	+634	+37%	$0.000000	2,345	29 Sep 2023	Direct
transaction	MTN	Common Stock	Tax liability	$40,606	-183	-7.8%	$221.89	2,162	29 Sep 2023	Direct	F1

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	Restricted Share Unit	Options Exercise	$0	-634	-33%	$0.000000	1,268	29 Sep 2023	Common Stock	634	$0.000000	Direct	F2
transaction	MTN	Restricted Share Unit	Award	$0	+1,888		$0.000000	1,888	29 Sep 2023	Common Stock	1,888	$0.000000	Direct	F3
transaction	MTN	Share Appreciation Right	Award	$0	+6,261		$0.000000	6,261	29 Sep 2023	Common Stock	6,261	$221.89	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	183 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.
F2	On September 29, 2022, Reporting Person was granted 1,902 RSUs, which vest in three equal installments beginning on September 29, 2023.
F3	On September 29, 2023, Reporting Person was granted 1,888 RSUs, which vest in three equal installments beginning on September 29, 2024.
F4	On September 29, 2023, Reporting Person was granted 6,261 Share Appreciation Rights, which vest in three equal installments beginning on September 29, 2024.