Travel & Leisure Co. (NYSE: TNL) director reports 15,000-share charitable gift

Rhea-AI Filing Summary

Travel & Leisure Co. director Stephen P. Holmes reported a bona fide charitable gift of 15,000 shares of the company’s common stock on 12/05/2025, according to a Form 4 filing. The transaction is coded as a gift and carries a reported price of $0, reflecting that no sale proceeds were received.

After this donation, Holmes beneficially owns 346,947 shares of common stock directly, along with 1,955 restricted stock units and 47,857 deferred stock units, which were previously reported. The filing confirms his role as a director and that the report covers only this one reporting person.

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

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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^*

HOLMES STEPHEN P

(Last) (First) (Middle)

C/O TRAVEL + LEISURE CO.

6277 SEA HARBOR DRIVE

(Street)

ORLANDO FL 32821

(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)
12/05/2025

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	12/05/2025		G(1)		15,000	D	$0	346,947(2)	D
Common Stock								1,955(3)	D
Common Stock								47,857(4)	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 reported transaction represents a bona fide charitable gift of common stock.

2. Previously reported shares of common stock.

3. Previously reported restricted stock units.

4. Previously reported deferred stock units.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Stephen P. Holmes	12/05/2025
	** 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 TNL director Stephen P. Holmes report?

Stephen P. Holmes, a directorTravel & Leisure Co. (TNL), reported a bona fide charitable gift of 15,000 shares of the company’s common stock on 12/05/2025.

How many Travel & Leisure Co. (TNL) shares were donated in the reported transaction?

The Form 4 shows that 15,000 shares of Travel & Leisure Co. common stock were transferred as a charitable gift, with a reported price of $0 per share.

What are Stephen P. Holmes’ Travel & Leisure Co. holdings after the gift?

Following the reported gift, Stephen P. Holmes beneficially owns 346,947 shares of common stock, 1,955 restricted stock units, and 47,857 deferred stock units of Travel & Leisure Co., all previously reported.

What was the transaction code used in the TNL Form 4 filing?

The transaction is coded as "G", which in Form 4 reporting indicates a bona fide gift of securities, rather than a market sale or purchase.

Does the Form 4 indicate whether multiple reporting persons were involved?

No. The filing specifies that the Form is filed by one reporting person, meaning it only covers transactions for Stephen P. Holmes.

What types of equity awards does Stephen P. Holmes hold in TNL?

In addition to common stock, Stephen P. Holmes holds restricted stock units (1,955 units) and deferred stock units (47,857 units) in Travel & Leisure Co., as noted in the explanations.