TNL Form 144: Planned sale of 16,500 shares, $1,072,500 value

Travel + Leisure Co. (TNL) filed a Form 144 notice for a proposed sale of 16,500 common shares.

Rhea-AI Filing Summary

Travel + Leisure Co. (TNL) filed a Form 144 notice for a proposed sale of 16,500 common shares. The filing lists an aggregate market value of 1,072,500 for the securities to be sold, with an approximate sale date of 10/22/2025 on the NYSE. The broker named is Merrill Lynch, 194 Wood Ave S, Iselin, NJ 08830.

The shares were acquired through RSU vesting from the issuer on several dates: 14,142 shares on 03/10/2024, 2,274 shares on 03/10/2023, and 84 shares on 03/07/2023, each recorded as RSU vesting. As context, the filing notes 64,325,188 shares outstanding.

Insights

Securities law analyst

Routine Form 144 for planned insider sale; administrative step.

This notice states an intent to sell 16,500 TNL common shares with an indicated value of 1,072,500. It identifies Merrill Lynch as broker and the NYSE as the venue, with an approximate sale date of 10/22/2025. Form 144 is a disclosure of a proposed sale under Rule 144 and does not itself execute the transaction.

The shares derive from RSU vesting events on 03/10/2024, 03/10/2023, and 03/07/2023. The document lists 64,325,188 shares outstanding as a baseline figure. Actual sales, timing, and amounts executed depend on market conditions and the filer’s decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TNL disclose in this Form 144?

A planned sale of 16,500 common shares with an indicated aggregate market value of 1,072,500.

When is the planned sale for TNL shares expected?

The filing lists an approximate date of sale of 10/22/2025.

How were the TNL shares to be sold acquired?

Through RSU vesting from the issuer: 14,142 on 03/10/2024, 2,274 on 03/10/2023, and 84 on 03/07/2023.

Which broker and exchange are listed for the TNL sale?

Broker: Merrill Lynch (Iselin, NJ). Exchange: NYSE.

How many TNL shares are outstanding?

The filing notes 64,325,188 shares outstanding.

Does a Form 144 mean the sale has occurred?

No. It is a notice of proposed sale under Rule 144; execution may vary.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/23/2025 - 04:26 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001741627
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TRAVEL & LEISURE
SEC File Number	001-32876
Address of Issuer	6277 SEA HARBOR DR ORLANDO FLORIDA 32821
Phone	407-626-5200
Name of Person for Whose Account the Securities are To Be Sold	KIMBERLY MARSHALL
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	OFFICER

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH 194 WOOD AVE S ISELIN NJ 08830	16500	1072500	64325188	10/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	03/10/2024	RSU VESTING	ISSUER			14142	03/10/2024	RSU VESTING
COMMON	03/10/2023	RSU VESTING	ISSUER			2274	03/10/2023	RSU VESTING
COMMON	03/07/2023	RSU VESTING	ISSUER			84	03/07/2023	RSU VESTING

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	10/23/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/16/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	MICHELLE BADA
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)