Travel & Leisure (NYSE: TNL) director awarded 1,193 shares in grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Travel & Leisure Co. director Michael H. Wargotz received a grant of 1,193 shares of common stock on March 31, 2026, at no cash cost, as indicated by a grant/award acquisition entry. After this award, his directly held common stock position is reported at 135,521 shares.

The filing also notes deferred stock units issued for dividends, where each unit entitles him to one share of common stock following retirement or termination of service from the Board of Directors, and references previously reported deferred and restricted stock units as part of his overall equity-based compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wargotz Michael H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,193	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 135,521 shares (Direct)

Footnotes (1)

Deferred stock units issued for dividends. 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.

Key Figures

Stock grant: 1,193 shares of common stock Direct holdings after grant: 135,521 shares Additional direct holding entry: 741 shares

3 metrics

Stock grant 1,193 shares of common stock Grant/award acquisition on March 31, 2026

Direct holdings after grant 135,521 shares Common stock held directly following the transaction

Additional direct holding entry 741 shares Common stock shown in a separate direct holding line after transaction

Key Terms

Deferred stock units, restricted stock units, Board of Directors

3 terms

Deferred stock units financial

"Deferred stock units issued for dividends. Each deferred stock unit entitles the reporting person to receive one share..."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

restricted stock units financial

"Previously reported restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Board of Directors financial

"following the reporting person's retirement or termination of service from the Board of Directors."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 09:39 PM

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^*

Wargotz Michael H

(Last)

(First)

(Middle)

C/O TRAVEL + LEISURE CO.

501 WEST CHURCH STREET

(Street)

ORLANDO

FLORIDA

32805

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A		1,193⁽¹⁾	A	$0	135,521⁽²⁾	D
Common Stock								741⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Deferred stock units issued for dividends. 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.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Michael H. Wargotz	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Travel & Leisure Co. (TNL) report for Michael H. Wargotz?

The filing shows director Michael H. Wargotz received a grant of 1,193 shares of Travel & Leisure Co. common stock. The award was recorded at a price of $0.0000 per share, indicating a stock-based compensation grant rather than an open-market purchase.

How many Travel & Leisure Co. (TNL) shares does Michael H. Wargotz hold after this Form 4?

After the March 31, 2026 grant, Michael H. Wargotz is reported as holding 135,521 shares of Travel & Leisure Co. common stock directly. This figure reflects his position following the 1,193-share stock award disclosed in the non-derivative transaction table.

Was the Travel & Leisure Co. (TNL) Form 4 transaction an open-market buy or a stock award?

The transaction was a stock award, not an open-market purchase. It is coded as a grant or award acquisition with 1,193 common shares at $0.0000 per share, which indicates equity compensation for the director rather than shares bought on the market.

What are deferred stock units mentioned in the Travel & Leisure Co. (TNL) Form 4?

Deferred stock units in this filing are issued for dividends and entitle Michael H. Wargotz to receive one share of common stock per unit. Delivery occurs after his retirement or termination of service from the Board of Directors, aligning compensation with long-term service.

Does the Travel & Leisure Co. (TNL) Form 4 include previously reported equity awards?

Yes. Footnotes state that the holdings include previously reported deferred stock units and previously reported restricted stock units. This means some of the director’s reported equity position reflects prior awards that continue to be carried forward in the current ownership totals.