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  4. [Form 4] Travel & Leisure Co. Insider Trading Activity

Director at Travel & Leisure (NYSE: TNL) granted 802 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Brady Louise F. reported acquisition or exercise transactions in this Form 4 filing.

Travel & Leisure Co. director Louise F. Brady received an equity grant of 802 shares of common stock on March 31, 2026, at no cash cost. This grant increased her directly held common shares to 90,222. The filing also notes deferred stock units issued for dividends, each convertible into one share of common stock after she retires or leaves the Board of Directors, and includes previously reported deferred and restricted stock units.

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Insider Brady Louise F.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 802 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 90,222 shares (Direct)
Footnotes (1)
  1. Deferred stock units issued for dividends. 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 restricted stock units.
Equity grant 802 shares Common stock award on March 31, 2026
Grant price $0.00 per share Stock-based compensation, not open-market purchase
Direct holdings after grant 90,222 shares Common stock held directly following the award
Deferred stock units from dividends 741 units Entry showing deferred stock units linked to dividends
Deferred stock units financial
"Deferred stock units issued for dividends. Each deferred stock unit entitles the reporting person to receive one share of common stock..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
restricted stock units financial
"Previously reported restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Board of Directors financial
"following the reporting person's retirement or termination of service from the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Brady Louise F.
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A802(1)A$090,222(2)D
Common Stock741(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Deferred stock units issued for dividends. 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 J. Zanotti as Attorney-in-Fact for Louise F. Brady04/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TNL director Louise F. Brady report?

Louise F. Brady reported receiving an equity award of 802 shares of Travel & Leisure Co. common stock. The grant was recorded at a price of $0.00 per share as a stock-based compensation award, not an open-market purchase or sale.

How many Travel & Leisure Co. shares does Louise F. Brady hold after this Form 4?

After the March 31, 2026 transaction, Louise F. Brady directly holds 90,222 shares of Travel & Leisure Co. common stock. This figure reflects her position following the 802-share equity grant reported in the filing.

What are deferred stock units mentioned in the TNL Form 4 filing?

Deferred stock units in this filing are issued for dividends and track the value of Travel & Leisure Co. common stock. Each deferred stock unit entitles Louise F. Brady to receive one share of common stock after her retirement or termination of service from the Board of Directors.

Are the 802 Travel & Leisure shares a market purchase by the director?

No, the 802 Travel & Leisure Co. shares are a grant classified as a “Grant, award, or other acquisition.” The transaction price is shown as $0.00 per share, indicating stock-based compensation rather than an open-market purchase.

Does the TNL Form 4 show any stock sales by Louise F. Brady?

The Form 4 does not show any open-market stock sales by Louise F. Brady. It records an equity grant of 802 common shares and provides updated holdings and information on dividend-related deferred stock units tied to her Board service.