[Form 4] Travel & Leisure Co. Insider Trading Activity
Travel & Leisure Co. director Lucinda Martinez received deferred stock units tied to dividend payments on 09/30/2025. The filing shows an acquisition of 28 deferred stock units that carry no immediate cash price and convert to one share each upon Martinez's retirement or termination from the board. Following the reported activity, the filing lists a total of 2,976 deferred stock units (including previously reported units), 2,693 restricted stock units previously reported, and 17,656 previously reported shares of common stock. The transaction was reported by an attorney-in-fact and signed on 10/02/2025.
Il direttore di Travel & Leisure Co., Lucinda Martinez, ha ricevuto unità di azioni differite legate ai dividendi il 30/09/2025. La dichiarazione mostra l'acquisizione di 28 unità di azioni differite che non comportano prezzo in contanti immediato e si trasformano in una sola azione ciascuna al pensionamento o alla cessazione della carica di membro del consiglio. A seguito dell'attività riportata, la dichiarazione elenca un totale di 2.976 unità azionarie differite (inclusi i pezzi precedentemente segnalati), 2.693 unità azionarie vincolate precedentemente segnalate, e 17.656 azioni ordinarie riportate in precedenza. La transazione è stata riferita da un procuratore-in-fatto e firmata il 02/10/2025.
La directora de Travel & Leisure Co., Lucinda Martinez, recibió unidades de acciones diferidas vinculadas a los pagos de dividendos el 30/09/2025. La presentación muestra la adquisición de 28 unidades de acciones diferidas que no tienen precio en efectivo inmediato y se convierten en una acción cada una al momento de la jubilación o terminación de Martinez del consejo. Tras la actividad reportada, la presentación enumera un total de 2.976 unidades de acciones diferidas (incluidas las unidades reportadas previamente), 2.693 unidades de acciones restringidas reportadas previamente y 17.656 acciones comunes reportadas previamente. La transacción fue reportada por un apoderado y firmada el 02/10/2025.
Travel & Leisure Co.의 이사인 루신다 마르티네즈는 2025년 9월 30일 배당금 지급과 관련된 지연 주식 단위를 받았습니다. 공시에는 즉시 현금가치가 없고 마르티네즈가 은퇴하거나 이사회에서 해임될 때 각각 한 주로 전환되는 28개의 지연 보통주 단위가 포함되어 있습니다. 보고된 활동에 따라 공시에는 총 2,976개의 지연 주식 단위(이전에 보고된 단위를 포함), 2,693개의 제한 주식 단위, 그리고 17,656개의 이전에 보고된 보통 주식이 기재되어 있습니다. 거래는 대리인에 의해 보고되었고 2025년 10월 2일에 서명되었습니다.
Lucinda Martinez, directrice de Travel & Leisure Co., a reçu des unités d'actions différées liées au paiement de dividendes le 30/09/2025. Le dossier montre l'acquisition de 28 unités d'actions différées qui n'ont pas de prix en espèces immédiat et qui se transforment en une action chacune lors de la retraite ou de la cessation de Martinez du conseil d'administration. Suite à l'activité reportée, le dossier énumère un total de 2 976 unités d'actions différées (y compris les unités déjà signalées), 2 693 unités d'actions restreintes déjà signalées et 17 656 actions ordinaires déjà signalées. La transaction a été déclarée par un mandataire et signée le 02/10/2025.
Lucinda Martinez, Direktorin von Travel & Leisure Co., erhielt am 30.09.2025 Deferred Stock Units, die an Dividendenausschüttungen gebunden sind. Die Einreichung zeigt den Erwerb von 28 Deferred Stock Units, die keinen unmittelbaren Barpreis tragen und sich bei Martinezes Pensionierung oder Beendigung ihres Vorstandsmandats jeweils in eine Aktie umwandeln. Nach der gemeldeten Aktivität listet die Einreichung insgesamt 2.976 Deferred Stock Units (einschließlich zuvor gemeldeter Einheiten), 2.693 zuvor gemeldete Restricted Stock Units und 17.656 zuvor gemeldete Stammaktien auf. Die Transaktion wurde von einem Bevollmächtigten gemeldet und am 02.10.2025 unterzeichnet.
تَلَقّت مديرة Travel & Leisure Co.، سيليندا مارتينيز، وحدات أسهم مؤجلة مرتبطة بدفع الأرباح في 30/09/2025. تُظهر الإيصال شراء 28 وحدة أسهم مؤجلة لا تحمل سعر نقدي فوري وتتحول إلى حصة واحدة لكل منها عند تقاعد مارتينيز من المجلس أو إنهائه من المجلس. وبعد النشاط المبلغ عنه، تدرج الإيصال إجمالي 2,976 وحدة أسهم مؤجلة (بما في ذلك الوحدات التي تم الإبلاغ عنها سابقًا)، و2,693 وحدة أسهم مقيدة تم الإبلاغ عنها سابقًا، و17,656 سهم من الأسهم العادية أُبلغ عنها سابقًا. تم الإبلاغ عن الصفقة من قبل وكيل قانوني ووقع عليها في 02/10/2025.
Travel & Leisure Co. 董事 Lucinda Martinez 在 2025/09/30 收到与分红支付相关的递延股单位。 文件显示收购了28个递延股单位，这些单位没有即时现金价格，且在 Martinez 退出董事会或退休时将转化为每单位一股。 根据所报活动，文件列出总计2,976个递延股单位（包括先前报告的单位）、2,693个先前报告的受限股票单位，以及17,656股先前报告的普通股。该交易由代理律师报告并于 2025/10/02 签署。
- Director compensation aligned with shareholders through deferred stock units that convert to common shares, incentivizing long-term alignment
- Transparent reporting with aggregated totals for deferred stock units, restricted stock units, and common shares
- None.
Insights
TL;DR: Routine director compensation via dividend deferred stock units; aligns director with shareholders but is non-cash until separation.
This Form 4 discloses a standard, administrative issuance of 28 deferred stock units tied to dividends for a board director. Deferred stock units are common for non-employee directors and convert to common shares only upon retirement or termination, so there is no immediate dilution or cash transfer. The disclosure aggregates these new units with existing holdings: 2,976 deferred units total, plus separately reported restricted stock units and common shares, providing transparency on the director's potential future equity stake.
TL;DR: Filing appears complete for the reported transaction and follows Section 16 reporting conventions.
The report identifies the reporting person, issuer (Travel & Leisure Co., TNL), relationship (director), transaction date (09/30/2025), and the nature of the award (deferred stock units for dividends). It notes prior reported balances and includes a signed attorney-in-fact signature dated 10/02/2025. There are no derivative instruments or cash payments listed, and explanatory footnotes clarify the conversion and prior reporting. From a compliance standpoint, this is a routine, timely Form 4 disclosure.
Il direttore di Travel & Leisure Co., Lucinda Martinez, ha ricevuto unità di azioni differite legate ai dividendi il 30/09/2025. La dichiarazione mostra l'acquisizione di 28 unità di azioni differite che non comportano prezzo in contanti immediato e si trasformano in una sola azione ciascuna al pensionamento o alla cessazione della carica di membro del consiglio. A seguito dell'attività riportata, la dichiarazione elenca un totale di 2.976 unità azionarie differite (inclusi i pezzi precedentemente segnalati), 2.693 unità azionarie vincolate precedentemente segnalate, e 17.656 azioni ordinarie riportate in precedenza. La transazione è stata riferita da un procuratore-in-fatto e firmata il 02/10/2025.
La directora de Travel & Leisure Co., Lucinda Martinez, recibió unidades de acciones diferidas vinculadas a los pagos de dividendos el 30/09/2025. La presentación muestra la adquisición de 28 unidades de acciones diferidas que no tienen precio en efectivo inmediato y se convierten en una acción cada una al momento de la jubilación o terminación de Martinez del consejo. Tras la actividad reportada, la presentación enumera un total de 2.976 unidades de acciones diferidas (incluidas las unidades reportadas previamente), 2.693 unidades de acciones restringidas reportadas previamente y 17.656 acciones comunes reportadas previamente. La transacción fue reportada por un apoderado y firmada el 02/10/2025.
Travel & Leisure Co.의 이사인 루신다 마르티네즈는 2025년 9월 30일 배당금 지급과 관련된 지연 주식 단위를 받았습니다. 공시에는 즉시 현금가치가 없고 마르티네즈가 은퇴하거나 이사회에서 해임될 때 각각 한 주로 전환되는 28개의 지연 보통주 단위가 포함되어 있습니다. 보고된 활동에 따라 공시에는 총 2,976개의 지연 주식 단위(이전에 보고된 단위를 포함), 2,693개의 제한 주식 단위, 그리고 17,656개의 이전에 보고된 보통 주식이 기재되어 있습니다. 거래는 대리인에 의해 보고되었고 2025년 10월 2일에 서명되었습니다.
Lucinda Martinez, directrice de Travel & Leisure Co., a reçu des unités d'actions différées liées au paiement de dividendes le 30/09/2025. Le dossier montre l'acquisition de 28 unités d'actions différées qui n'ont pas de prix en espèces immédiat et qui se transforment en une action chacune lors de la retraite ou de la cessation de Martinez du conseil d'administration. Suite à l'activité reportée, le dossier énumère un total de 2 976 unités d'actions différées (y compris les unités déjà signalées), 2 693 unités d'actions restreintes déjà signalées et 17 656 actions ordinaires déjà signalées. La transaction a été déclarée par un mandataire et signée le 02/10/2025.
Lucinda Martinez, Direktorin von Travel & Leisure Co., erhielt am 30.09.2025 Deferred Stock Units, die an Dividendenausschüttungen gebunden sind. Die Einreichung zeigt den Erwerb von 28 Deferred Stock Units, die keinen unmittelbaren Barpreis tragen und sich bei Martinezes Pensionierung oder Beendigung ihres Vorstandsmandats jeweils in eine Aktie umwandeln. Nach der gemeldeten Aktivität listet die Einreichung insgesamt 2.976 Deferred Stock Units (einschließlich zuvor gemeldeter Einheiten), 2.693 zuvor gemeldete Restricted Stock Units und 17.656 zuvor gemeldete Stammaktien auf. Die Transaktion wurde von einem Bevollmächtigten gemeldet und am 02.10.2025 unterzeichnet.
FAQ
What transaction did Lucinda Martinez report on Form 4 for TNL?
How many deferred stock units does Lucinda Martinez own after the reported transaction?
When do the deferred stock units convert into shares?
Does the Form 4 show any immediate cash transactions or option exercises?
Who signed the Form 4 and when was it signed?
