Travel & Leisure (TNL) director receives 1,328-share equity award in Form 4

Rhea-AI Filing Summary

Travel & Leisure Co. director Ronald L. Rickles reported an acquisition of 1,328 shares of common stock on March 10, 2026 through a grant classified as a “grant, award, or other acquisition.” The grant price is listed as $0.00, indicating a compensation-related equity award rather than an open-market purchase.

Footnotes explain these are deferred stock units and accrued dividends issued upon vesting of previously granted restricted stock units. Each deferred stock unit will convert into one share of common stock after Mr. Rickles retires or leaves the Board. Following this award, he directly holds 49,417 shares of common stock.

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

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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^*

RICKLES RONALD L

(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	49,417(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)
				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 restricted stock units.

Remarks:

	/s/ Jeff Zanotti as Attorney-in-Fact for Ronald L. Rickles	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 Ronald L. Rickles?

Travel & Leisure Co. reported that director Ronald L. Rickles acquired 1,328 shares of common stock on March 10, 2026. The filing classifies this as a grant, award, or other acquisition, reflecting equity-based compensation rather than an open-market stock purchase.

How many Travel & Leisure Co. (TNL) shares does Ronald L. Rickles hold after this Form 4?

After the reported grant, Ronald L. Rickles directly holds 49,417 shares of Travel & Leisure Co. common stock. This figure comes from the Form 4’s post-transaction ownership field and reflects his direct holdings following the March 10, 2026 award.

Was Ronald L. Rickles’ Travel & Leisure Co. (TNL) Form 4 transaction a market purchase or sale?

The Form 4 shows no open-market purchase or sale by Ronald L. Rickles. Instead, it reports a grant of 1,328 shares at a price of $0.00, described as a grant, award, or other acquisition tied to equity compensation, not a market trade.

What are the deferred stock units mentioned in Ronald L. Rickles’ Travel & Leisure Co. (TNL) filing?

The footnotes state the transaction involves deferred stock units and accrued dividends issued on vesting of previously granted restricted stock units. Each deferred stock unit entitles Mr. Rickles to receive one share of common stock after his retirement or termination of Board service.

Does the Travel & Leisure Co. (TNL) Form 4 for Ronald L. Rickles include previously reported equity awards?

Yes. Footnotes explain that the figures include previously reported deferred stock units and previously reported restricted stock units. The March 10, 2026 grant adds 1,328 units tied to earlier restricted stock unit awards that have now vested into deferred stock units.