Travel & Leisure (NYSE: TNL) grants 27,272 RSUs to its CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Travel & Leisure Co. reported that Chief Financial Officer Erik D. Hoag received a grant of 27,272 restricted stock units (RSUs) of common stock on March 11, 2026 under the company’s Equity and Incentive Plan.
The RSUs vest in four equal installments on each of the first four anniversaries of March 15, 2026, as long as he remains employed. Each vested RSU will convert into one share of common stock. After this award, Hoag beneficially owns 110,336 shares and RSUs in total, including previously reported RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoag Erik D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,272 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 110,336 shares (Direct)
Footnotes (1)
- Restricted stock units granted on March 11, 2026 under the Registrant's Equity and Incentive Plan. The units vest in four equal installments on each of the first four anniversaries of March 15, 2026, subject to the reporting person's continuous employment. The reporting person will receive one share of common stock for each vested restricted stock unit. Includes previously reported restricted stock units.
FAQ
What did Travel & Leisure Co. (TNL) disclose about its CFO in this Form 4?
Travel & Leisure Co. disclosed that Chief Financial Officer Erik D. Hoag received a grant of 27,272 restricted stock units of common stock as equity compensation under the company’s Equity and Incentive Plan on March 11, 2026.
How many Travel & Leisure Co. (TNL) RSUs were granted to the CFO and at what price?
The CFO received 27,272 restricted stock units, with a reported price per unit of $0.00, indicating an equity compensation award rather than an open-market purchase. These units are subject to vesting conditions tied to continued employment.
What is the vesting schedule for the 27,272 RSUs granted by Travel & Leisure Co. (TNL)?
The 27,272 restricted stock units vest in four equal installments on each of the first four anniversaries of March 15, 2026. Vesting requires the CFO’s continuous employment, aligning his long-term incentives with the company’s performance over several years.
What will the Travel & Leisure Co. (TNL) CFO receive when the RSUs vest?
For each restricted stock unit that vests, the CFO will receive one share of Travel & Leisure Co. common stock. This structure converts the time-vested RSUs directly into equity, increasing his share ownership as vesting milestones are met.