DEI Document |
May 22, 2025 |
|---|---|
| Document And Entity Information [Abstract] | |
| Document Type | 8-K/A |
| Document Period End Date | May 22, 2025 |
| Entity Registrant Name | Vail Resorts, Inc. |
| Entity Tax Identification Number | 51-0291762 |
| Entity Address, Address Line One | 390 Interlocken Crescent |
| Entity Address, Postal Zip Code | 80021 |
| Entity Address, State or Province | CO |
| Entity Address, City or Town | Broomfield, |
| City Area Code | (303) |
| Local Phone Number | 404-1800 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, $0.01 par value |
| Trading Symbol | MTN |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |
| Amendment Flag | true |
| Entity Central Index Key | 0000812011 |
| Entity File Number | 001-09614 |
| Entity Incorporation, State or Country Code | DE |
| Amendment Description | As previously disclosed on a Current Report on Form 8-K filed by Vail Resorts, Inc. (the “Company”) on May 27, 2025 (the “Original Form 8-K”), Robert A. Katz was appointed as Chief Executive Officer of the Company, effective as of May 22, 2025. The Company disclosed in the Original Form 8-K that the terms of Mr. Katz’s compensation as Chief Executive Officer were expected to be determined and approved by the independent directors of the Company’s Board of Directors (the “Board”) at a later date, and would be disclosed in an amendment to the Original Form 8-K. Subsequently, the Company further disclosed in an amendment to the Original Form 8-K filed on June 5, 2025 (“Amendment No. 1”), that in connection with Mr. Katz’s appointment as Chief Executive Officer, on June 4, 2025, the Board approved a one-time equity award under the Company’s 2024 Omnibus Incentive Plan, with a total grant date value of $1,686,831, consisting of 50% restricted share units (6,144 restricted share units) and 50% premium share appreciation rights (25,086 premium share appreciation rights with an exercise price of $169.64, which is 10% greater than the closing price of our common stock on the grant date), which will vest in three equal installments beginning on the first anniversary of the grant date. The Company further disclosed in Amendment No. 1 that the terms of Mr. Katz’s compensation as Chief Executive Officer for fiscal 2026 were expected to be determined and approved by the independent directors of the Board as part of the Company’s regular executive compensation cycle in late September 2025. |