Travel & Leisure (TNL) director sells 2,962 shares around $70

Rhea-AI Filing Summary

Travel & Leisure Co. director George Herrera reported open-market sales of company common stock over two days. On March 17, 2026, he sold 1,214 shares at about $70.48 per share. On March 18, 2026, he sold another 1,748 shares at about $70.31 per share.

One of the transactions used a weighted average price for multiple trades between $70.47 and $70.495. After these sales, Herrera directly holds 1,853 shares of Travel & Leisure Co. common stock.

Insights

Equity governance analyst

Director executes modest open‑market stock sales over two days.

Director George Herrera completed open-market sales totaling 2,962 shares of Travel & Leisure Co. common stock at prices around $70 per share. The filing classifies both transactions with code S, indicating routine market sales rather than option exercises or compensation grants.

Following these sales, Herrera directly holds 1,853 shares, and the filing shows no remaining derivative positions in the derivative section. Based on the available data, this appears as a personal portfolio move of limited scale relative to the company, without additional disclosed governance or strategic implications.

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^*

HERRERA GEORGE

(Last) (First) (Middle)

C/O TRAVEL + LEISURE CO.

501 WEST CHURCH STREET

(Street)

ORLANDO FLORIDA 32805

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/17/2026		S		1,214	D	$70.48(1)	3,601(2)	D
Common Stock	03/18/2026		S		1,748	D	$70.31	1,853(2)	D
Common Stock								46,333(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $70.47 to $70.495, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. Previously reported shares of common stock.

3. Previously reported deferred stock units.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for George Herrera	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Travel & Leisure Co. (TNL) disclose for George Herrera?

The filing shows director George Herrera executed two open-market sales of Travel & Leisure Co. common stock, totaling 2,962 shares, on March 17 and March 18, 2026, at prices around $70 per share.

At what prices did George Herrera sell Travel & Leisure Co. (TNL) shares?

Herrera sold 1,214 shares at about $70.48 per share on March 17, 2026, and 1,748 shares at about $70.31 per share on March 18, 2026, according to the reported Form 4 transactions.

How many Travel & Leisure Co. (TNL) shares does George Herrera hold after these sales?

After the reported open-market sales, director George Herrera directly holds 1,853 shares of Travel & Leisure Co. common stock, based on the post-transaction ownership figures included in the Form 4 filing summary.

Were George Herrera’s Travel & Leisure Co. (TNL) sales open-market transactions?

Yes. Both transactions are coded S and described as sales in the open market or private transactions. One sale used a weighted average price covering multiple trades between $70.47 and $70.495 per share.

Does the Travel & Leisure Co. (TNL) Form 4 show any option exercises by George Herrera?

No option exercises are reported. The transactions involve only common stock sales coded S, and the derivative section of the filing contains no remaining option or other derivative positions for Herrera as of these dates.