Vail Resorts Management

Management criteria checks 3/4

Vail Resorts' CEO is Kirsten Lynch, appointed in Nov 2021, has a tenure of 2.42 years. total yearly compensation is $6.20M, comprised of 17% salary and 83% bonuses, including company stock and options. directly owns 0.079% of the company’s shares, worth €5.64M. The average tenure of the management team and the board of directors is 2.4 years and 9.7 years respectively.

Key information

Kirsten Lynch

Chief executive officer

US$6.2m

Total compensation

CEO salary percentage	17.0%
CEO tenure	2.4yrs
CEO ownership	0.08%
Management average tenure	2.4yrs
Board average tenure	9.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kirsten Lynch's remuneration changed compared to Vail Resorts's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	US$240m
Oct 31 2023	n/a	n/a	US$230m
Jul 31 2023	US$6m	US$1m	US$268m
Apr 30 2023	n/a	n/a	US$288m
Jan 31 2023	n/a	n/a	US$336m
Oct 31 2022	n/a	n/a	US$350m
Jul 31 2022	US$7m	US$886k	US$348m
Apr 30 2022	n/a	n/a	US$316m
Jan 31 2022	n/a	n/a	US$218m
Oct 31 2021	n/a	n/a	US$142m
Jul 31 2021	US$2m	US$542k	US$128m
Apr 30 2021	n/a	n/a	US$115m
Jan 31 2021	n/a	n/a	-US$7m
Oct 31 2020	n/a	n/a	US$52m
Jul 31 2020	US$2m	US$523k	US$99m
Apr 30 2020	n/a	n/a	US$163m
Jan 31 2020	n/a	n/a	US$303m
Oct 31 2019	n/a	n/a	US$302m
Jul 31 2019	US$2m	US$540k	US$301m
Apr 30 2019	n/a	n/a	US$307m
Jan 31 2019	n/a	n/a	US$271m
Oct 31 2018	n/a	n/a	US$300m
Jul 31 2018	US$2m	US$490k	US$380m
Apr 30 2018	n/a	n/a	US$406m
Jan 31 2018	n/a	n/a	US$331m
Oct 31 2017	n/a	n/a	US$245m
Jul 31 2017	US$2m	US$443k	US$211m

Compensation vs Market: Kirsten's total compensation ($USD6.20M) is above average for companies of similar size in the German market ($USD3.35M).

Compensation vs Earnings: Kirsten's compensation has been consistent with company performance over the past year.

CEO

Kirsten Lynch (55 yo)

2.4yrs

Tenure

US$6,195,302

Compensation

Ms. Kirsten A. Lynch had been the Chief Marketing Officer and an Executive Vice President at Vail Resorts Inc., since July 2011 to October 2021. Ms. Lynch was Independent Director of Stitch Fix, Inc. since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Katz	Executive Chairman	27.8yrs	US$2.13m	0.64% $ 45.9m
Kirsten Lynch	CEO & Director	2.4yrs	US$6.20m	0.079% $ 5.6m
Angela Korch	Executive VP & CFO	1.3yrs	US$1.64m	0.0016% $ 111.9k
Nathan Gronberg	VP, Controller & Chief Accounting Officer	3.6yrs	no data	0.0019% $ 133.3k
Chris Smith	Senior VP & Chief Information Officer	less than a year	no data	no data
Julie DeCecco	EVP, General Counsel & Secretary	less than a year	no data	no data
Kenny Thompson	Senior VP & Chief Public Affairs Officer	1.4yrs	no data	no data
Lynanne Kunkel	Chief Human Resources Officer & Executive VP	6.9yrs	no data	no data
Bill Rock	President of Mountain Division	4.6yrs	no data	0.016% $ 1.2m
Gregory Sullivan	Executive Vice President of Hospitality	7.5yrs	no data	0.0037% $ 261.6k

2.4yrs

Average Tenure

55yo

Average Age

Experienced Management: VAI's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Katz	Executive Chairman	27.8yrs	US$2.13m	0.64% $ 45.9m
Kirsten Lynch	CEO & Director	2.4yrs	US$6.20m	0.079% $ 5.6m
Susan Decker	Independent Director	8.6yrs	US$305.28k	0.019% $ 1.3m
John Redmond	Independent Director	16.1yrs	US$310.28k	0.057% $ 4.0m
Hilary Schneider	Independent Director	14.1yrs	US$305.28k	0.039% $ 2.8m
John Sorte	Independent Director	31.3yrs	US$350.28k	0.12% $ 8.6m
Iris Knobloch	Director	less than a year	no data	no data
D. Sewell	Lead Independent Director	11.3yrs	US$375.28k	0.052% $ 3.7m
Reginald Chambers	Director	less than a year	no data	no data
Peter Vaughn	Independent Director	10.8yrs	US$334.36k	0.020% $ 1.4m
Michele Romanow	Independent Director	7.5yrs	US$305.28k	0.016% $ 1.1m
Nadia Rawlinson	Independent Director	4.3yrs	US$328.26k	0.0088% $ 625.1k

9.7yrs

Average Tenure

60yo

Average Age

Experienced Board: VAI's board of directors are considered experienced (9.7 years average tenure).

Vail Resorts Management

Management criteria checks 3/4

Key information

Recent management updates

Vail Resorts, Inc. Appoints Iris Knobloch as Board of Directors

Independent Director recently sold €529k worth of stock

Vail Resorts, Inc., Annual General Meeting, Dec 06, 2023

Vail Resorts, Inc. Announces Resignation of Ryan Bennett as Chief Marketing Officer, Effective October 20, 2023

Insufficient new directors

Executive VP & CFO recently sold €1.7m worth of stock

Recent updates

Now 21% undervalued

Upcoming dividend of US$2.22 per share

Second quarter dividend of US$2.22 announced

Second quarter 2024 earnings released: EPS: US$5.78 (vs US$5.18 in 2Q 2023)

Vail Resorts, Inc. to Report Q2, 2024 Results on Mar 11, 2024

Vail Resorts, Inc. Appoints Iris Knobloch as Board of Directors

Now 21% undervalued

Independent Director recently sold €529k worth of stock

Upcoming dividend of US$2.06 per share at 3.6% yield

Now 20% undervalued after recent price drop

First quarter 2024 earnings released: US$4.60 loss per share (vs US$3.40 loss in 1Q 2023)

Vail Resorts, Inc. Reaffirms Earnings Guidance for the for Fiscal Year 2024

Vail Resorts, Inc. (NYSE:MTN) entered into an agreement to acquire 84% stake in Remontees Mecaniques Crans-Montana-Aminona (CMA) SA from CPI Property Group (XTRA:O5G).

Vail Resorts, Inc. (NYSE:MTN) entered into an agreement to acquire 84% stake in Remontees Mecaniques Crans-Montana-Aminona (CMA) SA from CPI Property Group (XTRA:O5G).

Vail Resorts, Inc. to Report Q1, 2024 Results on Dec 07, 2023

Vail Resorts, Inc., Annual General Meeting, Dec 06, 2023

Vail Resorts, Inc. Announces Resignation of Ryan Bennett as Chief Marketing Officer, Effective October 20, 2023

Full year 2023 earnings released: EPS: US$6.76 (vs US$8.60 in FY 2022)

Vail Resorts, Inc. Provides Earnings Guidance for the First Quarter Ending October 31, 2023 and Full Year Ending July 31, 2024

Vail Resorts, Inc. to Report Fiscal Year 2023 Results on Sep 28, 2023

Now 20% undervalued

Upcoming dividend of US$2.06 per share at 3.3% yield

Now 20% undervalued

Vail Resorts, Inc. Declares Quarterly Cash Dividend, Payable on July 12, 2023

Third quarter 2023 earnings released: EPS: US$8.20 (vs US$9.18 in 3Q 2022)

Vail Resorts, Inc. to Report Q3, 2023 Results on Jun 08, 2023

Upcoming dividend of US$2.06 per share at 3.7% yield

Second quarter 2023 earnings released: EPS: US$5.17 (vs US$5.51 in 2Q 2022)

Vail Resorts, Inc. to Report Q2, 2023 Results on Mar 09, 2023

Vail Resorts, Inc. Announces the Launch of Gray Malin in Vail

Insufficient new directors

Upcoming dividend of US$1.91 per share

Executive VP & CFO recently sold €1.7m worth of stock

First quarter 2023 earnings released: US$3.40 loss per share (vs US$3.45 loss in 1Q 2022)

Vail Resorts, Inc. Provides Earnings Guidance for the Year 2023

Vail Resorts, Inc. Announces the Appointment of Angela Korch as Executive Vice President, Effective Dec. 22, 2022

Vail Resorts Appoints Angela Korch as Chief Financial Officer

Vail Resorts, Inc. to Report Q1, 2023 Results on Dec 08, 2022

Vail Resorts, Inc. Announces Kenny Thompson, Jr. as Chief Public Affairs Officer

Vail Resorts, Inc., Annual General Meeting, Dec 07, 2022

Full year 2022 earnings released: EPS: US$8.60 (vs US$3.17 in FY 2021)

Vail Resorts, Inc. Declares A Quarterly Cash Dividend, Payable on October 24, 2022

Vail Resorts, Inc. to Report Fiscal Year 2022 Results on Sep 28, 2022

Vail Resorts Announces Operating Plans for 2022/23 North American Ski and Ride Season

Vail Resorts, Inc. (NYSE:MTN) completed the acquisition of 55% stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG.

Vail Resorts, Inc. Announces Resignation of Michael Barkin as Executive Vice President, Effective December 31, 2022

Upcoming dividend of US$1.91 per share

Third quarter 2022 earnings released

Vail Resorts, Inc. Provides Earnings Guidance for the Fiscal Year 2022

Vail Resorts, Inc. to Report Q3, 2022 Results on Jun 09, 2022

Vail Resorts, Inc. (NYSE:MTN) entered into an agreement to acquire 55% stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG for approximately CHF 150 million.

Upcoming dividend of US$1.91 per share

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Vail Resorts, Inc. to Report Q2, 2022 Results on Mar 14, 2022

Vail Resorts, Inc. (NYSE:MTN) acquired Seven Springs Mountain Resort/Hidden Valley Resort and Laurel Mountain Ski Area in Pittsburgh Area from Seven Springs Farm Inc. for approximately $118 million.

Upcoming dividend of US$0.88 per share

Independent Director recently sold €549k worth of stock

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Vail Resorts, Inc. (NYSE:MTN) agree to acquire Seven Springs Mountain Resort/Hidden Valley Resort and Laurel Mountain Ski Area in Pittsburgh Area from Seven Springs Farm Inc. for approximately $125 million.

President of Mountain Division recently sold €732k worth of stock

Vail Resorts, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022

Full year 2021 earnings released: EPS US$3.17 (vs US$2.45 in FY 2020)

Vail Resorts Announces Opening Dates Across North American Resorts as It Gears Up for 2021-22 Season

Vail Resorts, Inc.(NYSE:MTN) dropped from Russell 3000E Value Index

Chairman & CEO recently sold €24m worth of stock

President of Mountain Division Patricia Campbell has left the company

Vail Resorts, Inc. Provides Earnings Guidance for the Fiscal Year Ending July 31, 2021

Third quarter 2021 earnings released

Vail Resorts, Inc. Provides Earnings Outlook for the Nine Month Ending April 30, 2021