[144] Travel + Leisure Co. SEC Filing

Rhea-AI Filing Summary

Travel + Leisure Co. (TNL) has filed a Form 144 indicating the proposed sale of up to 15,216 common shares through Merrill Lynch on 23 Jul 2025. At the current reference price the shares are valued at $880,246. The company reports 64,920,377 shares outstanding, so the sale represents roughly 0.02 % of total shares, a level that is generally considered immaterial for market-moving purposes.

The shares were originally acquired via restricted stock unit (RSU) vestings on five dates between 2018 and 2022; no cash purchases were involved. The filer reports no other sales in the past three months. Because the transaction is being made under Rule 144 and no material non-public information is acknowledged, the filing appears to reflect routine insider diversification rather than a company-level event.

Positive

• Transaction size is immaterial (~0.02% of shares outstanding), reducing risk of price impact or negative liquidity effects.

Negative

• Insider intends to sell $0.88 million in stock, which some investors may interpret as reduced personal confidence or near-term profit-taking.

Insights

Financial Analyst

TL;DR: Small insider sale (~0.02% O/S) should not materially affect TNL valuation.

The proposed divestiture totals just 15,216 shares against a 64.9 million share base, limiting supply pressure. At $880k, the dollar value is modest relative to TNL’s daily trading volume. Because the shares stem from RSU vesting, the transaction looks like normal compensation monetisation. I see neutral impact on earnings outlook, liquidity or capital structure.

Corporate Governance Specialist

TL;DR: Rule 144 filing suggests routine diversification, no governance red flags.

Rule 144 requires advance notice; the filer affirms no undisclosed adverse information. Absence of recent sales supports non-patterned behaviour. The brokered sale via Merrill Lynch and declaration of RSU origins align with best-practice disclosure. Overall investor signal is neutral; vigilance warranted only if additional sizeable sales follow.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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 4705 S Apopka Vineland Rd Suite 203 Orlando FL 32819	15216	880246.00	64920377	07/23/2025	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			3880	02/27/2018	RSU Vesting
Common	03/01/2018	RSU Vesting	Issuer			823	03/01/2018	RSU Vesting
Common	06/19/2018	RSU Vesting	Issuer			1404	06/19/2018	RSU Vesting
Common	03/10/2022	RSU Vesting	Issuer			4440	03/10/2022	RSU Vesting
Common	06/01/2022	RSU Vesting	Issuer			4669	06/01/2022	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

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

FAQ

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

The filing covers 15,216 common shares.

What is the estimated market value of the shares to be sold?

The aggregate market value is approximately $880,246.

When is the planned sale date for the TNL shares?

The filer lists an approximate sale date of 23 July 2025.

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

About 0.02 % of the 64,920,377 shares outstanding.

How were the shares originally acquired?

All shares were obtained through RSU vestings between 2018 and 2022.

Which broker will execute the transaction?

The shares are to be sold via Merrill Lynch.