Travel & Leisure (TNL) officer receives stock grant and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Travel & Leisure Co. officer Jeffrey Myers reported equity compensation and related tax withholding in company stock. He received a grant of 13,277 shares of common stock upon vesting of previously granted restricted stock units, at no cash cost to him.
To cover taxes triggered by this vesting, 5,225 shares of common stock were disposed of as a tax-withholding transaction at a price of 68.53 per share, rather than through an open-market sale. After these movements, Myers directly owned 101,787.18 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MYERS JEFFREY
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,277 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,225 | $68.53 | $358K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 107,012.18 shares (Direct)
Footnotes (1)
- Common stock acquired on vesting of previously granted restricted stock units. Includes previously reported shares of common stock. Common stock withheld as payment toward the tax liability incident to the vesting of restricted stock units granted in accordance with Rule 16b-3 and delivery of shares in respect thereof. Previously reported restricted stock units.
FAQ
What insider transaction did Jeffrey Myers report at Travel & Leisure Co. (TNL)?
Jeffrey Myers reported vesting of restricted stock units into 13,277 common shares and a related tax-withholding share disposition. The filing shows routine compensation activity, not an open-market trade, reflecting standard equity-based pay practices rather than a discretionary stock purchase or sale.
Does the Travel & Leisure Co. (TNL) Form 4 indicate any option exercises by Jeffrey Myers?
No option exercises are indicated in this Form 4. The activity relates to vesting of previously granted restricted stock units into 13,277 common shares and a 5,225-share tax-withholding event, rather than exercises of stock options or other derivative securities.