TNL insider plans 8,201-share sale under Form 144; value $510K

Travel + Leisure Co. (TNL) filed a Form 144 indicating the proposed sale of 8,201 common shares through Merrill Lynch on or after 24 Jul 2025 on the NYSE.

Rhea-AI Filing Summary

Travel + Leisure Co. (TNL) filed a Form 144 indicating the proposed sale of 8,201 common shares through Merrill Lynch on or after 24 Jul 2025 on the NYSE. The shares have an estimated aggregate market value of $510,020, versus 64.9 million shares outstanding, representing roughly 0.013% of current float—an amount generally viewed as immaterial to overall market supply.

The seller acquired the stock via restricted stock unit (RSU) vesting events that occurred between February 2018 and June 2021. No sales have been reported by this individual during the past three months, and the filer affirms possession of no undisclosed material adverse information. The notice satisfies Rule 144 disclosure requirements and signals routine insider liquidity rather than a strategic corporate action.

Insights

Equity Analyst

TL;DR: Small Rule 144 sale; negligible float impact, neutral signal.

The planned disposition of 8,201 TNL shares (~$0.5 M) is less than 2 basis points of shares outstanding, implying limited supply-side pressure. The stock was earned via RSU vesting, typical for executive or employee compensation. Lack of prior 3-month sales and adherence to 144 procedures reduce concerns of opportunistic selling. No strategic or operational data accompanies the filing, so valuation drivers remain tied to fundamental catalysts such as travel demand trends and quarterly results. Overall market impact: neutral.

FAQ

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

How many Travel + Leisure (TNL) shares are being sold under this Form 144?

The notice covers 8,201 common shares.

What is the estimated market value of the shares in the TNL Form 144 filing?

The shares have an estimated aggregate value of $510,020.

When can the proposed TNL share sale occur?

The filer lists an approximate sale date of 24 July 2025.

How were the shares in this TNL Form 144 acquired?

All shares were obtained through RSU vesting events between 2018 and 2021.

Does the filing indicate any TNL share sales in the past three months?

No. The "Securities Sold During the Past 3 Months" section reports "Nothing to Report."

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

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Accepted by SEC EDGAR 07/24/2025 - 11:26 AM 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	0001948442
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 Co.
SEC File Number	001-32876
Address of Issuer	6277 SEA HARBOR DRIVE ORLANDO FLORIDA 32821
Phone	407-626-5200
Name of Person for Whose Account the Securities are To Be Sold	Duncan Thomas Michael
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	8201	510020.00	64920377	07/24/2025	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	02/27/2018	RSU Vesting	ISSUER			1063	02/27/2018	RSU Vesting
COMMON	11/30/2018	RSU Vesting	ISSUER			772	11/30/2018	RSU Vesting
COMMON	11/30/2018	RSU Vesting	ISSUER			990	11/30/2018	RSU Vesting
COMMON	06/01/2019	RSU Vesting	ISSUER			970	06/01/2019	RSU Vesting
COMMON	07/01/2019	RSU Vesting	ISSUER			457	07/01/2019	RSU Vesting
COMMON	03/07/2020	RSU Vesting	ISSUER			797	03/07/2020	RSU Vesting
COMMON	06/01/2020	RSU Vesting	ISSUER			970	06/01/2020	RSU Vesting
COMMON	03/07/2021	RSU Vesting	ISSUER			743	03/07/2021	RSU Vesting
COMMON	03/10/2021	RSU Vesting	ISSUER			1043	03/10/2021	RSU Vesting
COMMON	06/01/2021	RSU Vesting	ISSUER			396	06/01/2021	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	07/24/2025
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	Thomas Michael Duncan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)