Nonprofit: GOOD DEED
Rob Katz, chairman and chief executive of Broomfield-based Vail Resorts Inc. (NYSE: MTN), will contribute 100 percent of recently exercised stock-appreciation rights to his family’s charitable foundation and donor-advised fund. The donation totals $31 million. Katz’s stock-appreciation rights were set to expire. After withholding taxes, he received approximately 113,000 shares of Vail Resorts stock. Katz donated 67,800 shares and sold 45,200 shares, and will donate 100 percent of the proceeds from the sale. Katz and his wife, Elana Amsterdam, announced grants of $150,000 to The Other Side Academy in Denver, $150,000 to the Environmental Defense Fund and $150,000 to the Fund for a Safer Future.
Rob Katz, chairman and chief executive of Broomfield-based Vail Resorts Inc. (NYSE: MTN), will contribute 100 percent of recently exercised stock-appreciation rights to his family’s charitable foundation and donor-advised fund. The donation totals $31 million. Katz’s stock-appreciation rights were set to expire. After withholding taxes, he received approximately 113,000 shares of Vail Resorts stock. Katz donated 67,800 shares and sold 45,200 shares, and will donate 100 percent of the proceeds from the sale. Katz and his wife, Elana Amsterdam, announced grants of $150,000 to The Other Side Academy in Denver, $150,000 to the Environmental Defense Fund and $150,000…
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