The man at the top of Vail started selling off some of his stock in the Broomfield-based ski mountain operator.
Between Oct. 4 and Oct. 6, Vail Resorts Chairman and CEO Rob Katz sold $25 million in stock. Katz has 433,425 shares remaining, worth nearly $100 million, according to SEC filings.
He recently announced that he plans to donate almost $60 million to charity.
The donation will be used to allocate grants to nonprofits and other organizations that aid mountain communities, the company said.
Katz became CEO of Vail Resorts in 2006. His salary is set at $873,000 per year.
His shares have shot up like they’re on Vail’s gondola – rising 35 percent in 2017 and almost 300 percent over the last 5 years.