Board member at Travel & Leisure (NYSE: TNL) granted 5,524 deferred units

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Form Type

Rhea-AI Filing Summary

Brady Louise F. reported acquisition or exercise transactions in this Form 4 filing.

Travel & Leisure Co. director Louise F. Brady received a grant of 5,524 shares of common stock in the form of deferred stock units as part of retainer fees and her annual equity grant. The units carry no cash purchase price and are awarded as compensation for board service.

Each deferred stock unit entitles her to receive one share of common stock after she retires or otherwise leaves the Board of Directors. Following this grant, she directly holds 89,420 deferred stock units, which include previously reported units, and 741 previously reported restricted stock units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Brady Louise F.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,524	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 89,420 shares (Direct)

Footnotes (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.

Form 4 Insider Transactions: What Each Field Means →

03/13/2026 - 03:08 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^*

Brady Louise F.

(Last)

(First)

(Middle)

C/O TRAVEL + LEISURE CO.

501 WEST CHURCH STREET

(Street)

ORLANDO

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)
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	03/11/2026		A		5,524⁽¹⁾	A	$0	89,420⁽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 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.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Louise F. Brady	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 did the latest Form 4 for Travel & Leisure Co. (TNL) report?

The Form 4 shows director Louise F. Brady received 5,524 deferred stock units as part of her board retainer fees and annual equity grant. These units are compensation, not an open-market stock purchase or sale.

How many shares did TNL director Louise F. Brady acquire in this filing?

She acquired 5,524 deferred stock units tied to Travel & Leisure Co. common stock. Each unit represents the right to receive one share in the future, delivered after she retires or leaves the Board of Directors.

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

Deferred stock units are share-based awards granted instead of cash, typically for director fees. Each unit entitles the holder to one share of common stock, delivered after retirement or termination of board service rather than immediately.

When will Louise F. Brady receive Travel & Leisure (TNL) shares from these units?

She will receive one share of Travel & Leisure Co. common stock for each deferred stock unit after her retirement or termination of service from the Board. The units defer delivery until she no longer serves as a director.

What are Louise F. Brady’s reported Travel & Leisure Co. (TNL) holdings after this transaction?

After the grant, she directly holds 89,420 deferred stock units, which include previously reported awards, and 741 previously reported restricted stock units. These figures reflect her reported equity-based compensation tied to Travel & Leisure Co. common stock.