Director James Buckman receives 1,328 deferred stock units at Travel & Leisure (NYSE: TNL)

Rhea-AI Filing Summary

Travel & Leisure Co. director James E. Buckman received an equity award rather than buying shares on the market. On March 10, 2026, he was granted 1,328 deferred stock units and related accrued dividends upon vesting of previously granted restricted stock units. Each deferred stock unit will convert into one share of common stock after he retires from or leaves the Board. Following this grant, he now holds 129,802 deferred stock units, in addition to other previously reported equity holdings.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider BUCKMAN JAMES E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,328	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 129,802 shares (Direct)

Footnotes (1)

1. Deferred stock units and accrued dividends issued on vesting of previously-granted restricted stock units. 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 shares of common stock. Previously reported restricted stock units.

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^*

BUCKMAN JAMES E

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A		1,328(1)	A	$0	129,802(2)	D
Common Stock								6,998(3)	D
Common Stock								741(4)	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. Deferred stock units and accrued dividends issued on vesting of previously-granted restricted stock units. 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 shares of common stock.

4. Previously reported restricted stock units.

Remarks:

	Jeff J. Zanotti as Attorney-in-Fact for James E. Buckman	03/12/2026
	** 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 insider transaction did Travel & Leisure Co. (TNL) report for James E. Buckman?

Travel & Leisure Co. reported that director James E. Buckman received 1,328 deferred stock units on March 10, 2026. These units were issued upon vesting of previously granted restricted stock units and include accrued dividends, reflecting a compensation-related equity award rather than a market purchase.

Is James E. Buckman’s latest Form 4 for TNL a stock purchase or a grant?

The Form 4 for Travel & Leisure Co. shows a grant, not a purchase. Buckman acquired 1,328 shares through a “grant, award, or other acquisition” of deferred stock units issued when earlier restricted stock units vested, with no cash price per share reported.

How many deferred stock units in Travel & Leisure Co. does James E. Buckman now hold?

After the March 10, 2026 grant, James E. Buckman holds 129,802 deferred stock units. Footnotes state this total includes previously reported deferred stock units, reflecting accumulated director equity compensation that will settle in shares after his Board service ends.

When will James E. Buckman receive Travel & Leisure Co. shares from these deferred stock units?

Each deferred stock unit entitles James E. Buckman to receive one share of Travel & Leisure Co. common stock. According to the footnotes, these shares will be delivered after his retirement or termination of service from the company’s Board of Directors.

Did James E. Buckman sell any Travel & Leisure Co. stock in this Form 4 filing?

No stock sales are reported in this Form 4. The filing shows one acquisition of 1,328 deferred stock units as a grant and two holding entries, with transaction summaries indicating no buy or sell transactions in Travel & Leisure Co. shares for this date.

What do the footnotes in James E. Buckman’s TNL Form 4 explain about his holdings?

The footnotes clarify that the 1,328 units are deferred stock units and accrued dividends from vesting restricted stock units. They note that each unit converts to one share after Board service ends and that the reported totals include previously reported deferred stock units, common shares, and restricted stock units.