TNL insider files Form 144 to sell 58,779 shares worth $3.66M

Travel + Leisure Co. (TNL) filed a Form 144 signaling a planned sale of 58,779 common shares on or about 24 Jul 2025 via the NYSE.

Rhea-AI Filing Summary

Travel + Leisure Co. (TNL) filed a Form 144 signaling a planned sale of 58,779 common shares on or about 24 Jul 2025 via the NYSE. Based on the notice, the shares carry an aggregate market value of roughly $3.66 million, equating to about 0.09 % of the company’s 64.9 million shares outstanding.

The seller obtained the stock the same day through the exercise of non-qualified stock options and will route the transaction through broker Travel and Leisure Inc., Orlando, FL. No other sales by the filer were reported during the past three months. By signing, the filer affirms awareness of no undisclosed adverse information and attests that the proposed sale complies with Rule 144 under the Securities Act.

Insights

Securities Analyst

TL;DR: Small Rule 144 sale (~0.09 % float)—routine, limited market impact.

The filing covers 58.8 k shares valued at $3.7 m, a negligible slice of TNL’s outstanding shares. Because the shares were just acquired through option exercise, the transaction looks like routine liquidity rather than a strategic shift. With no pattern of recent sales and no material disclosures attached, I view the filing as non-impactful for valuation or governance.

Corporate Governance Specialist

TL;DR: Standard insider liquidity event; governance risk minimal.

Rule 144 notices are required for affiliates. The absence of adverse-information disclaimers, plus the modest size of the sale, suggests normal portfolio management. No aggregation with other insiders was required, implying compliance with volume limits. I assign a neutral impact; investors should simply note ongoing option-exercise related selling.

FAQ

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

How many Travel + Leisure Co. (TNL) shares are covered by this Form 144?

The notice covers 58,779 common shares.

What is the aggregate market value of the shares proposed for sale?

The filing lists an aggregate market value of about $3.66 million.

What percentage of TNL’s shares outstanding does this sale represent?

Approximately 0.09 % of the 64.9 million shares outstanding.

When is the planned sale date for the shares?

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

How were the shares to be sold acquired?

They were acquired on the same date through the exercise of non-qualified stock options.

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

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Accepted by SEC EDGAR 07/24/2025 - 10:50 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	0001742095
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	HUG 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	Ex-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 Stock	Travel and Leisure Inc. 6277 Sea Harbor Dr Orlando FL 32821	58779	3661969.14	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 Stock	07/24/2025	Exercise of Non Qualified Stock Options	Issuer			73933	07/24/2025	Cash

* 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	Michael Hug
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)