Travel & Leisure (NYSE: TNL) awards 33,566 RSUs to Geoffrey Richards

Rhea-AI Filing Summary

Travel & Leisure Co. granted Geoffrey Richards 33,566 shares of common stock in the form of restricted stock units on March 11, 2026 as compensation, not an open‑market purchase. These RSUs vest in four equal installments on each of the first four anniversaries of March 15, 2026, contingent on his continued employment, and each vested unit converts into one share of common stock.

After this grant, Richards holds 99,798 shares directly and 35,344 shares indirectly through the Geoffrey S Richards Revocable Trust, along with previously reported restricted stock units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider RICHARDS GEOFFREY

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	33,566	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 99,798 shares (Direct); Common Stock — 35,344 shares (Indirect, Geoffrey S Richards Revocable Trust)

Footnotes (1)

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. 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^*

RICHARDS GEOFFREY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

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		33,566(1)	A	$0	99,798(2)	D
Common Stock								35,344	I	Geoffrey S Richards Revocable Trust
Common Stock								29,946(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. Includes previously reported restricted stock units.

3. Previously reported shares of common stock.

Remarks:

Chief Operating Officer, Vacation Ownership.

	/s/ Jeff Zanotti as Attorney-in-Fact for Geoffrey Richards	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.

FAQ

What did Geoffrey Richards receive in this Travel & Leisure (TNL) Form 4?

Geoffrey Richards received 33,566 restricted stock units of Travel & Leisure Co. common stock as a compensation grant. The award carries no purchase price and represents equity-based pay, not an open-market share purchase or sale.

How do Geoffrey Richards’ new restricted stock units in TNL vest?

The restricted stock units vest in four equal installments on the first four anniversaries of March 15, 2026. Vesting is conditioned on Richards’ continuous employment, and each vested unit will deliver one share of Travel & Leisure Co. common stock.

Is Geoffrey Richards’ Travel & Leisure (TNL) Form 4 transaction a stock purchase?

No, the Form 4 reports a grant of restricted stock units at no cost under the company’s equity and incentive plan. It is a compensation award, not an open-market purchase or sale of Travel & Leisure Co. shares.

How many Travel & Leisure (TNL) shares does Geoffrey Richards hold after the grant?

After the reported grant, Richards holds 99,798 shares of Travel & Leisure Co. common stock directly. He also has 35,344 shares held indirectly through the Geoffrey S Richards Revocable Trust, plus previously reported restricted stock units.

What plan governs Geoffrey Richards’ restricted stock unit grant at TNL?

The restricted stock unit grant was made under Travel & Leisure Co.’s Equity and Incentive Plan. This plan provides equity-based awards that vest over time, aligning executive compensation with long-term company performance and shareholder interests.

What does each vested Travel & Leisure (TNL) restricted stock unit deliver to Geoffrey Richards?

Each vested restricted stock unit will deliver one share of Travel & Leisure Co. common stock to Geoffrey Richards. As vesting occurs over four years, his ownership can increase in line with the equity award’s scheduled vesting.