[Form 4] Travel & Leisure Co. Insider Trading Activity
George Herrera, a director of Travel & Leisure Co. (TNL), received 429 deferred stock units on 09/30/2025 as dividend equivalents. Each deferred stock unit converts to one share upon his retirement or termination from the board. After the reported transaction, Mr. Herrera beneficially owned 45,968 shares (this total includes previously reported deferred stock units and other previously reported holdings). The filing also records prior dispositions reported as 559 shares and 1,955 shares, and notes previously reported restricted stock units. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
George Herrera, un direttore di Travel & Leisure Co. (TNL), ha ricevuto 429 unità azionarie differite il 30/09/2025 come equivalenti di dividendi. Ogni unità azionaria differita si converte in una azione al momento della sua pensione o della terminazione dal consiglio. Dopo la transazione riportata, il signor Herrera deteneva in modo beneficiario 45.968 azioni (questo totale include unità azionarie differite precedentemente riportate e altre partecipazioni riportate in precedenza). Il fascicolo registra anche disposizioni precedenti riportate come 559 azioni e 1.955 azioni, e segnala unità azionarie vincolate precedentemente riportate. Il Form 4 è stato firmato da un procuratore in forza il 02/10/2025.
George Herrera, director de Travel & Leisure Co. (TNL), recibió 429 unidades de acciones diferidas el 30/09/2025 como equivalentes de dividendos. Cada unidad de acción diferida se convierte en una acción al momento de su jubilación o cese en la junta. Después de la transacción reportada, el Sr. Herrera poseía de manera beneficiosa 45.968 acciones (este total incluye unidades de acciones diferidas reportadas previamente y otras participaciones reportadas previamente). El archivo también registra disposiciones previas reportadas como 559 acciones y 1.955 acciones, y señala las unidades de acciones restringidas reportadas anteriormente. El Formulario 4 fue firmado por un apoderado el 02/10/2025.
George Herrera, Travel & Leisure Co. (TNL)의 이사, 2025년 9월 30일에 배당 등가물로 429개의 이연 주식 단위를 받았습니다. 각 이연 주식 단위는 은퇴하거나 이사회에서 퇴임할 때 한 주로 전환됩니다. 보고된 거래 이후 헤레라 씨는 유익하게 45,968주를 소유하고 있었으며(이 총계에는 이전에 보고된 이연 주식 단위 및 기타 이전 보유를 포함합니다). 파일은 또한 이전에 559주 및 1,955주로 보고된 처분을 기록하고, 이전에 보고된 제한 주식 단위를 언급합니다. 양식 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.
George Herrera, directeur de Travel & Leisure Co. (TNL), a reçu le 30/09/2025 429 unités d’actions différées en tant qu’équivalents de dividendes. Chaque unité d’action différée se convertit en une action lors de sa retraite ou de la fin de son mandat au conseil. Après la transaction rapportée, M. Herrera détenait bénéficiairement 45 968 actions (ce total inclut les unités d’actions différées précédemment déclarées et d’autres participations précédemment déclarées). Le dossier enregistre également des cessions antérieures rapportées comme 559 actions et 1 955 actions, et note les unités d’actions restreintes précédemment signalées. Le Formulaire 4 a été signé par un mandataire le 02/10/2025.
George Herrera, ein Direktor von Travel & Leisure Co. (TNL), erhielt am 30.09.2025 429 aufschubweise Aktieneinheiten (Deferred Stock Units) als Dividendenäquivalente. Jede aufschubweise Aktieneinheit wandelt sich bei seinem Ruhestand oder der Beendigung seiner Vorstandsmitgliedschaft in eine Aktie um. Nach der gemeldeten Transaktion besaß Herr Herrera vorteilhaft 45.968 Aktien (diese Summe umfasst zuvor gemeldete Deferred Stock Units und andere zuvor gemeldete Bestände). Die Einreichung verzeichnet auch vorherige Veräußerungen, gemeldet als 559 Aktien und 1.955 Aktien, und verweist auf zuvor gemeldete eingeschränkte Aktieneinheiten. Das Formular 4 wurde von einem Bevollmächtigten am 02.10.2025 unterzeichnet.
غوري هيريرا، مدير في Travel & Leisure Co. (TNL)، تلقّى في 30/09/2025 429 وحدة أسهم مُؤخّلة كعوائد توزيعات. كل وحدة أسهم مُؤخّلة تتحول إلى سهماً واحداً عند تقاعده أو إنهاء عضويته في المجلس. بعد المعاملة المُبلَّغ عنها، كان السيد هيريرا يملك فعلياً 45,968 سهماً (هذا الإجمالي يشمل وحدات الأسهم المؤخَّلة التي سبق الإبلاغ عنها وغيرها من الحيازة المُعلنة سابقاً). يسجل الملف أيضاً صفقات سابقة معلَن عنها كـ 559 سهماً و1,955 سهماً، ويشير إلى وحدات أسهم مقيدة أُبلغ عنها سابقاً. تم توقيع النموذج 4 من قبل وكيل فِعلي في 02/10/2025.
George Herrera，Travel & Leisure Co.（TNL）的董事，在2025/09/30作为股息等价物收到429个递延股票单位。 每个递延股票单位在他退休或离任董事会时可转换为一股。在所报道的交易之后，Herrera先生实际拥有45,968股股票（该总数包括先前报告的递延股票单位及其他先前报告的持股）。 文件还记录了此前被披露的交易为559股和1,955股，并提及此前披露的受限股票单位。Form 4 于2025/10/02由代理律师签署。
- Director compensation granted: 429 deferred stock units issued as dividend equivalents, which will convert to shares at termination or retirement
- Substantial reported ownership: Beneficial ownership totals 45,968 shares, indicating continued stake alignment with shareholders
- Share reductions recorded: Dispositions of 559 shares and 1,955 shares are listed, reducing direct holdings
- No cash proceeds or prices disclosed for dispositions: The filing does not provide sale prices or cash amounts for the disposed shares
Insights
TL;DR: Routine director compensation via deferred stock units; no new governance concerns disclosed.
The Form 4 documents a common pattern of director compensation: issuance of deferred stock units as dividend equivalents that convert to shares upon departure from the board. The filing aggregates previously reported holdings and notes prior dispositions, but it does not disclose any unusual timing, related-party transactions, or changes in board status. From a governance perspective this is a routine disclosure reflecting compensation mechanics rather than a material corporate event.
TL;DR: Insufficient market-moving detail; transaction is administrative compensation and aggregate holdings update.
The 429 deferred stock units issued at a $0 price reflect non-cash dividend-equivalent compensation that will convert to shares later; such awards are standard and do not immediately dilute the market. Reported dispositions (559 and 1,955 shares) reduce direct holdings but the net beneficial ownership remains 45,968 shares. No exercise prices, option grants, or material cash transactions are included, so this filing is unlikely to be impactful to valuation or liquidity analysis.
George Herrera, un direttore di Travel & Leisure Co. (TNL), ha ricevuto 429 unità azionarie differite il 30/09/2025 come equivalenti di dividendi. Ogni unità azionaria differita si converte in una azione al momento della sua pensione o della terminazione dal consiglio. Dopo la transazione riportata, il signor Herrera deteneva in modo beneficiario 45.968 azioni (questo totale include unità azionarie differite precedentemente riportate e altre partecipazioni riportate in precedenza). Il fascicolo registra anche disposizioni precedenti riportate come 559 azioni e 1.955 azioni, e segnala unità azionarie vincolate precedentemente riportate. Il Form 4 è stato firmato da un procuratore in forza il 02/10/2025.
George Herrera, director de Travel & Leisure Co. (TNL), recibió 429 unidades de acciones diferidas el 30/09/2025 como equivalentes de dividendos. Cada unidad de acción diferida se convierte en una acción al momento de su jubilación o cese en la junta. Después de la transacción reportada, el Sr. Herrera poseía de manera beneficiosa 45.968 acciones (este total incluye unidades de acciones diferidas reportadas previamente y otras participaciones reportadas previamente). El archivo también registra disposiciones previas reportadas como 559 acciones y 1.955 acciones, y señala las unidades de acciones restringidas reportadas anteriormente. El Formulario 4 fue firmado por un apoderado el 02/10/2025.
George Herrera, Travel & Leisure Co. (TNL)의 이사, 2025년 9월 30일에 배당 등가물로 429개의 이연 주식 단위를 받았습니다. 각 이연 주식 단위는 은퇴하거나 이사회에서 퇴임할 때 한 주로 전환됩니다. 보고된 거래 이후 헤레라 씨는 유익하게 45,968주를 소유하고 있었으며(이 총계에는 이전에 보고된 이연 주식 단위 및 기타 이전 보유를 포함합니다). 파일은 또한 이전에 559주 및 1,955주로 보고된 처분을 기록하고, 이전에 보고된 제한 주식 단위를 언급합니다. 양식 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.
George Herrera, directeur de Travel & Leisure Co. (TNL), a reçu le 30/09/2025 429 unités d’actions différées en tant qu’équivalents de dividendes. Chaque unité d’action différée se convertit en une action lors de sa retraite ou de la fin de son mandat au conseil. Après la transaction rapportée, M. Herrera détenait bénéficiairement 45 968 actions (ce total inclut les unités d’actions différées précédemment déclarées et d’autres participations précédemment déclarées). Le dossier enregistre également des cessions antérieures rapportées comme 559 actions et 1 955 actions, et note les unités d’actions restreintes précédemment signalées. Le Formulaire 4 a été signé par un mandataire le 02/10/2025.
George Herrera, ein Direktor von Travel & Leisure Co. (TNL), erhielt am 30.09.2025 429 aufschubweise Aktieneinheiten (Deferred Stock Units) als Dividendenäquivalente. Jede aufschubweise Aktieneinheit wandelt sich bei seinem Ruhestand oder der Beendigung seiner Vorstandsmitgliedschaft in eine Aktie um. Nach der gemeldeten Transaktion besaß Herr Herrera vorteilhaft 45.968 Aktien (diese Summe umfasst zuvor gemeldete Deferred Stock Units und andere zuvor gemeldete Bestände). Die Einreichung verzeichnet auch vorherige Veräußerungen, gemeldet als 559 Aktien und 1.955 Aktien, und verweist auf zuvor gemeldete eingeschränkte Aktieneinheiten. Das Formular 4 wurde von einem Bevollmächtigten am 02.10.2025 unterzeichnet.
FAQ
What did George Herrera report on Form 4 for Travel & Leisure Co. (TNL)?
When were the transactions reported on the Form 4 filed?
What are the deferred stock units reported in this Form 4?
How many shares did Mr. Herrera dispose of according to the filing?
Does the Form 4 show prices for the transactions?
