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Travel & Leisure (TNL) director granted 3,880 deferred stock units

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BUCKMAN JAMES E reported acquisition or exercise transactions in this Form 4 filing.

Travel & Leisure Co. director James E. Buckman reported receiving a grant of 3,880 shares of common stock on March 11, 2026. The shares were issued as deferred stock units for board retainer fees and an annual equity grant, at a stated price of $0.00 per share, reflecting compensation rather than an open-market purchase. Following this award, he directly holds 133,682 common shares. The filing also notes previously reported deferred stock units, restricted stock units and common shares that remain outstanding.

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Insider BUCKMAN JAMES E
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 3,880 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 133,682 shares (Direct)
Footnotes (1)
  1. Deferred stock units issued for retainer fees and annual equity grant. Each deferred stock unit entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors. Includes previously reported deferred stock units. Previously reported restricted stock units. Previously reported shares of common stock.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BUCKMAN JAMES E
(Last) (First) (Middle)
C/O TRAVEL + LEISURE CO.
501 WEST CHURCH STREET
(Street)
ORLANDO FL 32805
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Travel & Leisure Co. [ TNL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/11/2026 A 3,880(1) A $0 133,682(2) D
Common Stock 741(3) D
Common Stock 6,998(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Deferred stock units issued for retainer fees and annual equity grant. Each deferred stock unit entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors.
2. Includes previously reported deferred stock units.
3. Previously reported restricted stock units.
4. Previously reported shares of common stock.
Remarks:
Jeff J. Zanotti as Attorney-in-Fact for James E. Buckman 03/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TNL director James E. Buckman report?

James E. Buckman reported receiving a grant of 3,880 shares of Travel & Leisure Co. common stock. The award was issued as deferred stock units tied to his director retainer fees and annual equity grant, rather than through an open-market purchase on an exchange.

How many Travel & Leisure Co. (TNL) shares were granted to James E. Buckman?

James E. Buckman was granted 3,880 shares of Travel & Leisure Co. common stock. These shares were issued as deferred stock units, each entitling him to one share after his retirement or termination of board service, according to the filing’s footnote description.

What are deferred stock units in the TNL Form 4 for James E. Buckman?

The deferred stock units are equity awards issued for director retainer fees and an annual grant. Each unit entitles James E. Buckman to receive one common share after he retires or otherwise leaves the Travel & Leisure Co. board, aligning compensation with long-term service.

What is James E. Buckman’s Travel & Leisure Co. shareholding after this grant?

After the reported grant, James E. Buckman directly holds 133,682 shares of Travel & Leisure Co. common stock. This figure reflects his direct ownership position following the 3,880-share deferred stock unit award recorded on March 11, 2026 in the Form 4 filing.

Was the TNL Form 4 transaction an open-market purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market purchase. The 3,880 shares were issued at a reported price of $0.00 per share as deferred stock units for director fees and an annual equity grant, indicating non-cash, service-based compensation.

Does the TNL Form 4 include other holdings for James E. Buckman?

The filing references previously reported deferred stock units, restricted stock units and common shares for James E. Buckman. These entries update his existing equity-based holdings in Travel & Leisure Co., complementing the new 3,880-share deferred stock unit compensation grant.