Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-05

Vail Resorts Inc. (MTN)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$9,496,826
Kirsten Lynch total, FY2025
Former Chief Executive Officerhighest-paid officer; CEO Robert Katz: $3,952,230
1st
CEO (Robert Katz) pay percentile vs peers
134:1
CEO-to-median pay ratio
96.68%
Say-on-pay support, latest vote
Companies that benchmark against MTN
13 companies name MTN as a compensation peer

Each company listed discloses MTN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MTN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kirsten Lynch$1,123,588$0$2,530,247$2,530,247$862,158$0$2,450,586$9,496,826
Former Chief Executive Officer
Robert Katz1,123,58801,405,6931,405,6930017,2563,952,230
Chairperson of the Board and Chief Executive Officer
Angela Korch607,1780755,763755,763419,313025,9882,564,005
Executive Vice President and Chief Financial Officer
Lynanne Kunkel566,3920652,896652,896391,738042,6762,306,598
Executive Vice President and Chief Human Resource Officer
William Rock555,1540560,320560,320386,621018,5932,081,008
Senior Vice President and Chief Operating Officer
Julie DeCecco549,1770334,000334,000259,440018,0901,494,707
Executive Vice President General Counsel and Chief Public Affairs Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Kirsten Lynch$9,496,826$6,288,586$6,195,302+3,208,240
Robert Katz3,952,2302,202,0702,133,679+1,750,160
Angela Korch2,564,0052,183,1961,427,047+380,809
Lynanne Kunkel2,306,598
William Rock2,081,0081,652,847+428,161
Julie DeCecco1,494,707

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Julie DeCeccoGC & Chief Public Affairs Ofc2025-11-01A106$0$0CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2025-11-01D311484,598CommonForm 4 ↗
Dividend-equivalent accruals2025-11-011061 insider, 1 accrual row
Dividend-equivalent accruals2026-02-018811 insider, 2 accrual rows
Angela KorchEVP & Chief Financial Officer2026-02-01A40800CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01A47300CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D20213326,880CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A17,28100Derivative, Class A CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A38,66500Derivative, Class A CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D23513331,271CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A24,39300Derivative, Class A CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A9,87500Derivative, Class A CommonForm 4 ↗
Robert A. KatzDirector2026-03-16A37,5001324,942,875CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-03-16A19013225,052CommonForm 4 ↗
Dividend-equivalent accruals2026-05-01731 insider, 1 accrual row
Julie DeCeccoGC & Chief Public Affairs Ofc2026-05-01D211262,643CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2026-05-01A7300CommonForm 4 ↗
Robert A. KatzDirector2026-06-04A2,04800CommonForm 4 ↗
Robert A. KatzDirector2026-06-04D58913479,162CommonForm 4 ↗
Robert A. KatzDirector2026-06-04D2,04800Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 21 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Julie DeCeccoGC & Chief Public Affairs Ofc2025-11-01A106$0$0CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2025-11-01D311484,598CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2025-11-01D10600Derivative, Class A CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D40800Derivative, Class A CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D47300Derivative, Class A CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01A40800CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01A47300CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D20213326,880CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A17,28100Derivative, Class A CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A38,66500Derivative, Class A CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-02-01D23513331,271CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A24,39300Derivative, Class A CommonForm 4 ↗
Celeste BurgoyneEVP, Chief Revenue Officer2026-02-01A9,87500Derivative, Class A CommonForm 4 ↗
Robert A. KatzDirector2026-03-16A37,5001324,942,875CommonForm 4 ↗
Angela KorchEVP & Chief Financial Officer2026-03-16A19013225,052CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2026-05-01D7300Derivative, Class A CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2026-05-01D211262,643CommonForm 4 ↗
Julie DeCeccoGC & Chief Public Affairs Ofc2026-05-01A7300CommonForm 4 ↗
Robert A. KatzDirector2026-06-04A2,04800CommonForm 4 ↗
Robert A. KatzDirector2026-06-04D58913479,162CommonForm 4 ↗
Robert A. KatzDirector2026-06-04D2,04800Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Angela KorchRSU2024-09-274,6314,631$755,763
Lynanne KunkelOPTION2024-09-2714,754652,896
Robert KatzOPTION2024-09-2712,706562,277
Angela KorchOPTION2024-09-2717,07917,079755,763
Robert KatzRSU2024-09-273,445562,277
William RockSAR2024-09-272226
Robert KatzOPTION2025-06-0425,086843,416
Kirsten LynchOPTION2024-09-2764,2682,530,247
Julie DeCeccoPSU2024-11-01881047,145
Robert KatzRSU2025-06-046,144843,416
William RockRSU2024-09-273,433560,320
Kirsten LynchRSU2024-09-2715,5062,530,247
Lynanne KunkelRSU2024-09-274,001652,896
William RockOPTION2024-09-2712,662560,320
Julie DeCeccoPSU2024-09-2792525286,855
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Angela Korch$755,763$0$755,7630.0%
Lynanne Kunkel652,8960652,8960.0%
Robert Katz1,405,69301,405,6930.0%
William Rock560,3200560,3460.0%
Kirsten Lynch2,530,24702,530,2470.0%
Julie DeCecco0334,0000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert KatzSAR3,122
Lynanne KunkelSAR3,590
Julie DeCeccoSAR309
William RockSAR1,561
William RockRSU44867,316
Angela KorchRSU2,391359,272
Kirsten LynchSAR198198.67
William RockSAR180180.61
William RockSAR228228.04
William RockRSU1,678252,136
Robert KatzRSU6,144923,197
Julie DeCeccoRSU31847,783
Julie DeCeccoSAR236236.15
Lynanne KunkelSAR351351.85
Julie DeCeccoRSU14621,938
Robert KatzSAR295295.19
Robert KatzSAR247247.79
Robert KatzSAR221221.89
Robert KatzSAR180180.61
Kirsten LynchSAR228228.04
Kirsten LynchSAR286286.13
Kirsten LynchSAR236236.15
Kirsten LynchSAR225225.26
Kirsten LynchSAR387387.04
Kirsten LynchSAR244244.08
Julie DeCeccoSAR221221.89
Julie DeCeccoSAR180180.61
Julie DeCeccoSAR165165.79
Lynanne KunkelSAR286286.13
Lynanne KunkelSAR236236.15
Lynanne KunkelSAR213213.55
William RockSAR351351.85
William RockSAR213213.55
Robert KatzSAR285285.05
Julie DeCeccoSAR779
Angela KorchSAR881
Lynanne KunkelRSU2,046307,432
Robert KatzRSU897134,783
Angela KorchSAR180180.61
Robert KatzSAR357357.66
Robert KatzSAR213213.55
Julie DeCeccoSAR225225.26
Robert KatzSAR169169.64
Kirsten LynchSAR247247.79
Kirsten LynchSAR234234.91
Angela KorchSAR221221.89
Julie DeCeccoSAR325325.16
Julie DeCeccoSAR351351.85
Julie DeCeccoSAR213213.55
Lynanne KunkelSAR225225.26
Julie DeCeccoSAR191191.17
Lynanne KunkelSAR228228.04
Lynanne KunkelSAR221221.89
Lynanne KunkelSAR180180.61
William RockSAR286286.13
William RockSAR236236.15
William RockSAR225225.26
William RockSAR221221.89
Angela KorchSAR1,667
Julie DeCeccoRSU1,758264,157
Robert KatzRSU3,445517,646
Robert KatzRSU1,779267,313
Angela KorchRSU4,631695,854
Julie DeCeccoRSU805120,959
William RockRSU3,433515,843
Robert KatzSAR351351.85
Lynanne KunkelSAR1,031
Lynanne KunkelRSU4,001601,190
Julie DeCeccoRSU30946,430
Lynanne KunkelRSU1,031154,918
Robert KatzSAR897
William RockSAR448
Angela KorchRSU881132,379
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to align the interests of our executives with those of our stockholders by linking a significant portion of their compensation to the achievement of specific performance goals.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantAon
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-12-0930,133,9741,035,376105,06596.68%Passed
20242024-12-0532,916,634565,17731,77398.31%Passed
20232023-12-0632,623,6831,206,78429,31596.43%Passed
20222022-12-0734,434,1821,248,03517,53196.5%Passed
20212021-12-0833,212,0213,062,38467,62491.56%Passed
20202020-12-0334,413,1571,169,270182,44696.71%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-12-0996.68%a
20242024-12-0598.31%b
20232023-12-0696.43%c

a. Approved under the standard stated in the filing — “For purposes of determining whether the stockholders have approved a matter, abstentions are not treated as votes cast affirmatively or negatively, and therefore do not have any effect on the outcome of a matter to be voted on at the Annual Meeting that requires an affirmative vote of a majority of the votes cast by holders of our common stock present virtually or by proxy at the Annual Meeting and entitled to vote.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as voting on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as voting on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)134 : 1
CEO total compensation$3,952,230
Median employee compensation$29,598
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
D. Bruce SewellIndependent · Lead Independent Director · Audit · Nominating/Governance · Executive$162,500$220,316$0$0$11,502$394,318
John F. SorteIndependent · Audit (Chair) · Nominating/Governance · Executive · Not standing for re-election137,084220,3160011,660369,060
Peter A. VaughnIndependent · Audit · Nominating/Governance (Chair)122,500220,3160017,201360,017
Nadia N. RawlinsonIndependent · Compensation (Chair)110,000220,3160018,567348,883
Hilary SchneiderIndependent · Compensation97,500220,3160023,130340,946
Susan L. DeckerIndependent · Compensation97,500220,3160010,247328,063
Reginald ChambersIndependent · Audit105,416220,316000325,732
John RedmondIndependent · Audit · Not standing for re-election102,500220,316000322,816
Iris KnoblochIndependent · Compensation97,500220,316000317,816
Michele RomanowIndependent · Compensation97,500220,316000317,816
Robert A. KatzEmployee director · Board Chair · Executive00000
Kirsten LynchNot independent · Board Chair · Partial-year service000000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$220,316
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 20,000
Stock ownership guideline5x annual cash retainer ($425,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,130,000
Equity awards (grant-date value)$2,203,160
All other compensation$92,307
Total cost of the board$3,425,467

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Vail Resorts Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Vail Resorts Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Hyatt Hotels Corporation2025Mark Hoplamazian$1,410,417$20,478,749$2,562,490$2,056,500$26,699,762
2PENN Entertainment, Inc.2025Jay Snowden1,800,00014,249,9894,750,0042,984,40024,126,651
3Churchill Downs Inc.2025William Carstanjen1,800,00011,443,38005,763,33119,172,839
4Travel + Leisure Co.2025Michael Brown1,331,75610,849,96203,331,30016,000,693
5Wynn Resorts Ltd.2025Craig Billings2,000,0009,624,11003,433,75015,090,901
6Boyd Gaming Corporation2025Keith Smith1,850,0009,124,85803,700,00014,697,487
7Marriott Vacations Worldwide2025John Geller888,4625,599,9841,399,992014,344,132
8Hilton Grand Vacations2025Mark Wang1,345,9627,762,44804,540,20014,067,191
9Norwegian Cruise Line Holdings Ltd2025Harry Sommer1,300,0009,499,96002,880,80013,752,560
10Wyndham Hotels & Resorts, Inc.2025Geoffrey Ballotti1,426,93511,999,8180013,551,700
11Red Rock Resorts Inc.2025Frank Fertitta1,000,0004,856,8144,856,797011,319,292
12Choice Hotels International2025Patrick Pacious1,288,4624,000,09802,464,4238,074,700
13Six Flags Entertainment Corporation2025John Reilly72,3295,709,725005,782,054
14United Parks & Resorts2025Marc Swanson450,0004,134,963265,04404,891,868
15Vail Resorts Inc.2025Robert Katz1,123,5881,405,6931,405,69303,952,230

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Vail Resorts Inc.92%RSU 50 · Options 50not disclosedAon
Boyd Gaming Corporation100%PSU 60 · RSU 40NoExequity
Choice Hotels International95.5%PSU 100NoMeridian Compensation Partners
Churchill Downs Inc.128.0%PSU 50 · RSU 50NoFrederic W. Cook & Co., Inc.
Hilton Grand Vacations113%PSU 60 · RSU 40NoPearl Meyer
Hyatt Hotels Corporation84%PSU 40 · SAR 30 · RSU 30NoKorn Ferry
Marriott Vacations Worldwide67.27%PSU 50 · RSU 30 · Options 20NoExequity LLP
Norwegian Cruise Line Holdings Ltd110.8%PSU 50 · RSU 50NoKorn Ferry
PENN Entertainment, Inc.66.3%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC
Red Rock Resorts Inc.100%Options 50 · RSU 50not disclosedPay Governance
Six Flags Entertainment Corporation0%PSU 67 · RSU 33NoFW Cook
Travel + Leisure Co.142.8%PSU 50 · RSU 50NoAon
United Parks & Resortsnot disclosedPSU 75 · Options 25NoW.T. Haigh & Company
Wyndham Hotels & Resorts, Inc.not disclosedRSU 50 · PSU 50NoAon (Human Capital Solutions practice)
Wynn Resorts Ltd.256%PSU 55 · RSU 45NoRadford

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Vail Resorts Inc. in fiscal 2025?
As disclosed, Kirsten Lynch, the former Chief Executive Officer, was the highest-paid executive at Vail Resorts Inc. in fiscal 2025 with total compensation of $9,496,826.
How does Vail Resorts Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that the CEO's pay percentile among disclosed peers was 1st.
What is Vail Resorts Inc.'s CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 134:1.
How did shareholders vote on Vail Resorts Inc.'s executive compensation?
The company reported that shareholder support for the latest executive compensation vote was 96.68%.
How much does Vail Resorts Inc. spend in total on board compensation for fiscal 2025?
The filing shows that total board compensation for fiscal 2025 was $3,425,467.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Kirsten LynchDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 9,496,826. Filing ↗machine: t169 · r6 · c15 · span 869075–869084
2Section 01, Robert KatzDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 3,952,230. Filing ↗machine: t169 · r3 · c15 · span 860012–860021
3Section 01, Angela KorchDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 2,564,005. Filing ↗machine: t169 · r9 · c15 · span 878100–878109
4Section 01, Lynanne KunkelDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 2,306,598. Filing ↗machine: t169 · r13 · c15 · span 891003–891012
5Section 01, William RockDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 2,081,008. Filing ↗machine: t169 · r14 · c15 · span 894762–894771
6Section 01, Julie DeCeccoDEF 14A2025-10-300000812011-25-000221Section “Summary Compensation Table for Fiscal 2025” · page 5. As printed: 1,494,707. Filing ↗machine: t169 · r12 · c15 · span 887405–887414
7Section 03, Angela Korch RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r5 · c4 · span 811298–811303
8Section 03, Lynanne Kunkel OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r7 · c8 · span 815873–815879
9Section 03, Robert Katz OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t175 · r5 · c11 · span 944689–944695
10Section 03, Angela Korch OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r5 · c8 · span 812000–812006
11Section 03, Robert Katz RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t175 · r4 · c15 · span 942288–942295
12Section 03, William Rock SARDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t186 · r9 · c3 · span 1158234–1158236
13Section 03, Robert Katz OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t175 · r6 · c14 · span 948373–948380
14Section 03, Kirsten Lynch OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r4 · c8 · span 810156–810162
15Section 03, Julie DeCecco PSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t175 · r17 · c14 · span 981252–981258
16Section 03, Robert Katz RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t175 · r6 · c14 · span 948373–948380
17Section 03, William Rock RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r8 · c4 · span 817196–817201
18Section 03, Kirsten Lynch RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r4 · c4 · span 809451–809457
19Section 03, Lynanne Kunkel RSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r7 · c4 · span 815171–815176
20Section 03, William Rock OPTIONDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t159 · r8 · c8 · span 818034–818040
21Section 03, Julie DeCecco PSUDEF 14A2025-10-300000812011-25-000221Section “Grants of Plan-Based Awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t175 · r15 · c14 · span 975168–975175
22Section 07, pay ratioDEF 14A2025-10-300000812011-25-000221Section “CEO Pay Ratio”. As printed: 134 : 1. Filing ↗machine: span 1353086–1353091
23Section 08, D. Bruce SewellDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 394,318. Filing ↗machine: t100 · r10 · c5 · span 501994–502001
24Section 08, John F. SorteDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 369,060. Filing ↗machine: t100 · r11 · c5 · span 503567–503574
25Section 08, Peter A. VaughnDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 360,017. Filing ↗machine: t100 · r12 · c5 · span 505331–505338
26Section 08, Nadia N. RawlinsonDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 348,883. Filing ↗machine: t100 · r6 · c5 · span 495705–495712
27Section 08, Hilary SchneiderDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 340,946. Filing ↗machine: t100 · r9 · c5 · span 500422–500429
28Section 08, Susan L. DeckerDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 328,063. Filing ↗machine: t100 · r4 · c5 · span 492560–492567
29Section 08, Reginald ChambersDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 325,732. Filing ↗machine: t100 · r3 · c5 · span 490989–490996
30Section 08, John RedmondDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 322,816. Filing ↗machine: t100 · r7 · c5 · span 497278–497285
31Section 08, Iris KnoblochDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 317,816. Filing ↗machine: t100 · r5 · c5 · span 494130–494137
32Section 08, Michele RomanowDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 317,816. Filing ↗machine: t100 · r8 · c5 · span 498850–498857
33Section 08, Robert A. KatzDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 0. Filing ↗
34Section 08, Kirsten LynchDEF 14A2025-10-300000812011-25-000221Section “Director Compensation”. As printed: 0. Filing ↗
35Section 02, Julie DeCecco 2025-11-01Form 42025-11-030002012993-25-000005Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Julie DeCecco 2025-11-01Form 42025-11-030002012993-25-000005Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Julie DeCecco 2025-11-01Form 42025-11-030002012993-25-000005Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Celeste Burgoyne 2026-02-01Form 42026-02-030001691847-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Celeste Burgoyne 2026-02-01Form 42026-02-030001691847-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Angela Korch 2026-02-01Form 42026-02-030001959953-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Celeste Burgoyne 2026-02-01Form 42026-02-030001691847-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Celeste Burgoyne 2026-02-01Form 42026-02-030001691847-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Robert A. Katz 2026-03-16Form 42026-03-160000812011-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Angela Korch 2026-03-16Form 42026-03-160001959953-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Julie DeCecco 2026-05-01Form 42026-05-040002012993-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Julie DeCecco 2026-05-01Form 42026-05-040002012993-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Julie DeCecco 2026-05-01Form 42026-05-040002012993-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Robert A. Katz 2026-06-04Form 42026-06-050000824728-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Robert A. Katz 2026-06-04Form 42026-06-050000824728-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Robert A. Katz 2026-06-04Form 42026-06-050000824728-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
56Section 06, 2025 voteForm 8-K2025-12-100000812011-25-000242Item 5.07 · say-on-pay result. As reported: 96.68% (votes for as printed: 30,133,974). Filing ↗
57Section 06, 2024 voteForm 8-K2024-12-090000812011-24-000207Item 5.07 · say-on-pay result. As reported: 98.31% (votes for as printed: 32,916,634). Filing ↗
58Section 06, 2023 voteForm 8-K2023-12-080000812011-23-000064Item 5.07 · say-on-pay result. As reported: 96.43% (votes for as printed: 32,623,683). Filing ↗
59Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
60Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
61Section 09b board cost (computed)ComputedcomputedCash 1,130,000 + equity 2,203,160 + all other 92,307 = 3,425,467, summed across the director compensation table rows.machine: formula: Σ = 3,425,467
62Hyatt Hotels Corporation, Section 10b CEO totalDEF 14A2026-04-020001104659-26-038759CEO total compensation as printed in Hyatt Hotels Corporation's own proxy. As printed: 26,699,762. Filing ↗machine: span 775055–775065
63PENN Entertainment, Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-016846CEO total compensation as printed in PENN Entertainment, Inc.'s own proxy. As printed: 24,126,651. Filing ↗machine: r2 · c25 · span 1628709–1628719
64Churchill Downs Inc., Section 10b CEO totalDEF 14A2026-03-120001193125-26-104118CEO total compensation as printed in Churchill Downs Inc.'s own proxy. As printed: 19,172,839. Filing ↗machine: r4 · c25 · span 874946–874956
65Travel + Leisure Co., Section 10b CEO totalDEF 14A2026-04-100001361658-26-000019CEO total compensation as printed in Travel + Leisure Co.'s own proxy. As printed: 16,000,693. Filing ↗machine: r2 · c21 · span 1085495–1085505
66Wynn Resorts Ltd., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124077CEO total compensation as printed in Wynn Resorts Ltd.'s own proxy. As printed: 15,090,901. Filing ↗machine: r4 · c29 · span 740637–740647
67Boyd Gaming Corporation, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116798CEO total compensation as printed in Boyd Gaming Corporation's own proxy. As printed: 14,697,487. Filing ↗machine: r3 · c34 · span 359765–359775
68Marriott Vacations Worldwide, Section 10b CEO totalDEF 14A2026-03-260001193125-26-125219CEO total compensation as printed in Marriott Vacations Worldwide's own proxy. As printed: 14,344,132. Filing ↗machine: t253 · r5 · c34 · span 833147–833157
69Hilton Grand Vacations, Section 10b CEO totalDEF 14A2026-03-170001140361-26-009850CEO total compensation as printed in Hilton Grand Vacations's own proxy. As printed: 14,067,191. Filing ↗machine: r2 · c21 · span 1149244–1149255
70Norwegian Cruise Line Holdings Ltd, Section 10b CEO totalDEF 14A2026-04-300001104659-26-052146CEO total compensation as printed in Norwegian Cruise Line Holdings Ltd's own proxy. As printed: 13,752,560. Filing ↗machine: r1 · c56 · span 938613–938623
71Wyndham Hotels & Resorts, Inc., Section 10b CEO totalDEF 14A2026-03-250001722684-26-000050CEO total compensation as printed in Wyndham Hotels & Resorts, Inc.'s own proxy. As printed: 13,551,700. Filing ↗machine: r2 · c48 · span 701393–701403
72Red Rock Resorts Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173964CEO total compensation as printed in Red Rock Resorts Inc.'s own proxy. As printed: 11,319,292. Filing ↗machine: r6 · c27 · span 339865–339875
73Choice Hotels International, Section 10b CEO totalDEF 14A2026-04-220001046311-26-000013CEO total compensation as printed in Choice Hotels International's own proxy. As printed: 8,074,700. Filing ↗machine: r2 · c27 · span 1071913–1071922
74Six Flags Entertainment Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149736CEO total compensation as printed in Six Flags Entertainment Corporation's own proxy. As printed: 5,782,054. Filing ↗machine: span 617438–617447
75United Parks & Resorts, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197833CEO total compensation as printed in United Parks & Resorts's own proxy. As printed: 4,891,868. Filing ↗machine: r2 · c29 · span 1147865–1147874
76Vail Resorts Inc. (subject), Section 10b CEO totalDEF 14A2025-10-300000812011-25-000221CEO total compensation as printed in Vail Resorts Inc.'s own proxy. As printed: 3,952,230. Filing ↗machine: t169 · r3 · c15 · span 860012–860021
77Section 10a, Marriott Vacations Worldwide reciprocityDEF 14A0001193125-26-125219Marriott Vacations Worldwide names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Six Flags Entertainment Corporation reciprocityDEF 14A0001193125-26-149736Six Flags Entertainment Corporation names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
79Section 10a, Hilton Grand Vacations reciprocityDEF 14A0001140361-26-009850Hilton Grand Vacations's most recent proxy was read; its disclosed peer group does not include Vail Resorts Inc.. Filing ↗
80Section 10a, Churchill Downs Inc. reciprocityDEF 14A0001193125-26-104118Churchill Downs Inc.'s most recent proxy was read; its disclosed peer group does not include Vail Resorts Inc.. Filing ↗
81Section 10a, Red Rock Resorts Inc. reciprocityDEF 14A0001193125-26-173964Red Rock Resorts Inc. names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Travel + Leisure Co. reciprocityDEF 14A0001361658-26-000019Travel + Leisure Co. names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Norwegian Cruise Line Holdings Ltd reciprocityDEF 14A0001104659-26-052146Norwegian Cruise Line Holdings Ltd names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, PENN Entertainment, Inc. reciprocityDEF 14A0001140361-26-016846PENN Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Vail Resorts Inc.. Filing ↗
85Section 10a, Boyd Gaming Corporation reciprocityDEF 14A0001193125-26-116798Boyd Gaming Corporation names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, Choice Hotels International reciprocityDEF 14A0001046311-26-000013Choice Hotels International names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Hyatt Hotels Corporation reciprocityDEF 14A0001104659-26-038759Hyatt Hotels Corporation's most recent proxy was read; its disclosed peer group does not include Vail Resorts Inc.. Filing ↗
88Section 10a, United Parks & Resorts reciprocityDEF 14A0001193125-26-197833United Parks & Resorts names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, Wyndham Hotels & Resorts, Inc. reciprocityDEF 14A0001722684-26-000050Wyndham Hotels & Resorts, Inc. names Vail Resorts Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, Wynn Resorts Ltd. reciprocityDEF 14A0001193125-26-124077Wynn Resorts Ltd.'s most recent proxy was read; its disclosed peer group does not include Vail Resorts Inc.. Filing ↗