[Form 4] Travel & Leisure Co. Insider Trading Activity
Louise F. Brady, a director of Travel & Leisure Co. (TNL), reported insider transactions dated 09/30/2025. The filing shows the receipt of 764 deferred stock units issued for dividends; each unit entitles Ms. Brady to one share of common stock upon her retirement or termination of board service. The report lists total beneficial ownership following the transaction of 81,890 shares (direct ownership, includes previously reported deferred units). The filing also records a disposition of 1,955 shares characterized as previously reported restricted stock units. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Louise F. Brady, una direttrice di Travel & Leisure Co. (TNL), ha riportato operazioni interne datate 30/09/2025. La pratica mostra l'ottenimento di 764 unità azionarie differite emesse per i dividendi; ogni unità dà diritto a una azione ordinaria a Ms. Brady al momento del suo pensionamento o della cessazione del servizio al consiglio. Il report elenca la proprietà beneficiaria totale a seguito della transazione di 81,890 azioni (proprietà diretta, include unità differite precedentemente riportate). La pratica registra anche una disposizione di 1,955 azioni caratterizzate come unità azionarie restrittive precedentemente riportate. Il Modulo 4 è stato firmato da un procuratore-in-fatto il 02/10/2025.
Louise F. Brady, una directora de Travel & Leisure Co. (TNL), informó operaciones internas fechadas el 30/09/2025. El informe muestra la recepción de 764 unidades de acciones diferidas emitidas por dividendos; cada unidad da derecho a la Sra. Brady a una acción común en el momento de su retiro o terminación de su servicio en la junta. El informe señala una titularidad beneficiosa total tras la transacción de 81,890 acciones (propiedad directa, incluye unidades diferidas informadas previamente). El informe también registra una disposición de 1,955 acciones descritas como unidades restringidas de acciones previamente informadas. El Formulario 4 ha sido firmado por un apoderado el 02/10/2025.
루이즈 F. 브래디는 Travel & Leisure Co. (TNL)의 이사로서 2025년 9월 30일자 내부자 거래를 보고했습니다. 공시에는 배당금으로 발행된 764주 표준 주식 단위의 수령이 표시됩니다; 각 단위는 은퇴 또는 이사회 서비스 종료 시 Ms. Brady에게 보통주 1주에 대한 권리를 부여합니다. 보고서는 거래 후 총 지분이 81,890주로 기재되어 있습니다(직접 보유, 이전에 보고된 지연 단위 포함). 공시는 또한 이전에 보고된 제한 주식 단위로 특징지어진 1,955주의 처분도 기록합니다. 양식 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.
Louise F. Brady, une administratrice de Travel & Leisure Co. (TNL), a signalé des transactions d'initiés datées du 30/09/2025. Le dépôt montre la réception de 764 unités d'actions différées émises pour les dividendes; chaque unité donne droit à Mme Brady à une action ordinaire lors de sa retraite ou de la cessation de son mandat au conseil. Le rapport indique une propriété bénéficiaire totale après la transaction de 81,890 actions (propriété directe, inclut les unités différées précédemment déclarées). Le dossier enregistre également une cession de 1,955 actions qualifiées comme des unités d'actions restreintes précédemment déclarées. Le Formulaire 4 a été signé par un mandataire le 02/10/2025.
Louise F. Brady, eine Direktorin von Travel & Leisure Co. (TNL), berichtete Insider-Transaktionen vom 30.09.2025. Die Einreichung zeigt den Erhalt von 764 auf Dividenden avisierten aufgeschobenen Aktieneinheiten; jede Einheit berechtigt Frau Brady beim Ruhestand oder der Beendigung der Vorstandsarbeit zu einer Stammaktie. Der Bericht listet nach der Transaktion das Gesamterwerb von 81,890 Aktien (direktes Eigentum, schließt zuvor gemeldete aufgeschobene Einheiten ein). Die Einreichung verzeichnet außerdem eine Veräußerung von 1,955 Aktien, die als zuvor gemeldete eingeschränkte Aktieneinheiten charakterisiert werden. Das Formular 4 wurde von einem Bevollmächtigten am 02.10.2025 unterschrieben.
لويس ف. برادي، مديرة شركة Travel & Leisure Co. (TNL)، أبلغت عن معاملات داخلية بتاريخ 30/09/2025. يوضح الإيداع استلام 764 وحدة أسهم مؤجلة صادرة للتوزيعات؛ كل وحدة تمنح السيدة برادي سهماً عادياً واحداً عند تقاعدها أو انتهاء خدمتها في المجلس. يسرد التقرير الملكية المستفيدة الإجمالية بعد المعاملة بـ 81,890 سهماً (ملكية مباشرة، وتشمل الوحدات المؤجلة السابقة المبلغ عنها). كما يسجل الإيداع أيضاً تصرفاً في 1,955 سهماً موصوفة بأنها وحدات أسهم مقيدة سابقة الإبلاغ. تم توقيع النموذج 4 من قبل وكيل قانوني في 02/10/2025.
路易斯 F. 布雷迪，Travel & Leisure Co.（TNL）的一名董事，报告了日期为 2025-09-30 的内部交易。 该备案显示收到了764份因股息而发行的递延股票单位；每单位在她退休或离开董事会服务时有权获得一股普通股。报告在交易后列出总实际控制权为 81,890 股（直接所有权，包括先前报告的递延单位）。备案还记录了 1,955 股的处置，属于先前报告的受限股票单位。表格4由一位律师代理于 2025-10-02 签署。
- Received 764 deferred stock units issued as dividend equivalents, which will convert to one share each upon retirement or termination, reinforcing alignment with shareholders
- Beneficial ownership reported as 81,890 shares, providing transparency on the director's stake
- Disposition of 1,955 previously reported restricted stock units was recorded, reducing immediately held restricted units
Insights
TL;DR: Director acquired 764 deferred stock units and reported beneficial ownership of 81,890 shares; 1,955 restricted units were disposed.
The transaction is administrative in nature: 764 deferred stock units were issued as dividend equivalents at no cash cost and will convert to one common share per unit upon the director's retirement or termination of service. The filing reports a net beneficial ownership figure of 81,890 shares, which includes prior deferred units. A separate line shows a disposition of 1,955 previously reported restricted stock units. For investors, these entries reflect compensation-related equity accounting and routine settlement activity rather than market-driven purchases or sales.
TL;DR: Director compensation and record-keeping disclosure; no indication of change in board role or control.
The Form 4 documents standard director compensation mechanics: issuance of deferred stock units for dividends and removal/settlement of previously reported restricted stock units. The use of deferred units aligns with common governance practices to align director incentives with shareholder value over time. The filing contains required disclosure elements and was executed by an attorney-in-fact, indicating routine administrative processing.
Louise F. Brady, una direttrice di Travel & Leisure Co. (TNL), ha riportato operazioni interne datate 30/09/2025. La pratica mostra l'ottenimento di 764 unità azionarie differite emesse per i dividendi; ogni unità dà diritto a una azione ordinaria a Ms. Brady al momento del suo pensionamento o della cessazione del servizio al consiglio. Il report elenca la proprietà beneficiaria totale a seguito della transazione di 81,890 azioni (proprietà diretta, include unità differite precedentemente riportate). La pratica registra anche una disposizione di 1,955 azioni caratterizzate come unità azionarie restrittive precedentemente riportate. Il Modulo 4 è stato firmato da un procuratore-in-fatto il 02/10/2025.
Louise F. Brady, una directora de Travel & Leisure Co. (TNL), informó operaciones internas fechadas el 30/09/2025. El informe muestra la recepción de 764 unidades de acciones diferidas emitidas por dividendos; cada unidad da derecho a la Sra. Brady a una acción común en el momento de su retiro o terminación de su servicio en la junta. El informe señala una titularidad beneficiosa total tras la transacción de 81,890 acciones (propiedad directa, incluye unidades diferidas informadas previamente). El informe también registra una disposición de 1,955 acciones descritas como unidades restringidas de acciones previamente informadas. El Formulario 4 ha sido firmado por un apoderado el 02/10/2025.
루이즈 F. 브래디는 Travel & Leisure Co. (TNL)의 이사로서 2025년 9월 30일자 내부자 거래를 보고했습니다. 공시에는 배당금으로 발행된 764주 표준 주식 단위의 수령이 표시됩니다; 각 단위는 은퇴 또는 이사회 서비스 종료 시 Ms. Brady에게 보통주 1주에 대한 권리를 부여합니다. 보고서는 거래 후 총 지분이 81,890주로 기재되어 있습니다(직접 보유, 이전에 보고된 지연 단위 포함). 공시는 또한 이전에 보고된 제한 주식 단위로 특징지어진 1,955주의 처분도 기록합니다. 양식 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.
Louise F. Brady, une administratrice de Travel & Leisure Co. (TNL), a signalé des transactions d'initiés datées du 30/09/2025. Le dépôt montre la réception de 764 unités d'actions différées émises pour les dividendes; chaque unité donne droit à Mme Brady à une action ordinaire lors de sa retraite ou de la cessation de son mandat au conseil. Le rapport indique une propriété bénéficiaire totale après la transaction de 81,890 actions (propriété directe, inclut les unités différées précédemment déclarées). Le dossier enregistre également une cession de 1,955 actions qualifiées comme des unités d'actions restreintes précédemment déclarées. Le Formulaire 4 a été signé par un mandataire le 02/10/2025.
Louise F. Brady, eine Direktorin von Travel & Leisure Co. (TNL), berichtete Insider-Transaktionen vom 30.09.2025. Die Einreichung zeigt den Erhalt von 764 auf Dividenden avisierten aufgeschobenen Aktieneinheiten; jede Einheit berechtigt Frau Brady beim Ruhestand oder der Beendigung der Vorstandsarbeit zu einer Stammaktie. Der Bericht listet nach der Transaktion das Gesamterwerb von 81,890 Aktien (direktes Eigentum, schließt zuvor gemeldete aufgeschobene Einheiten ein). Die Einreichung verzeichnet außerdem eine Veräußerung von 1,955 Aktien, die als zuvor gemeldete eingeschränkte Aktieneinheiten charakterisiert werden. Das Formular 4 wurde von einem Bevollmächtigten am 02.10.2025 unterschrieben.
FAQ
What insider transactions did Louise F. Brady report on the Form 4 for TNL?
What do the 764 deferred stock units reported by TNL director Louise F. Brady represent?
What is Louise F. Brady's beneficial ownership following the reported transactions?
When were the transactions executed and when was the Form 4 signed?
Were any cash prices reported for the acquisitions on the Form 4?
