Director Michael Wargotz receives 3,671-share award at Travel & Leisure (NYSE: TNL)

Rhea-AI Filing Summary

Wargotz Michael H reported acquisition or exercise transactions in this Form 4 filing.

Travel & Leisure Co. director Michael H. Wargotz received an equity award of 3,671 shares of Common Stock on 2026-03-11 as a grant of deferred stock units for Board retainer fees and the annual equity grant. The award was recorded at a price of $0.0000 per share, confirming it is compensation rather than an open-market purchase. After this grant, he directly holds 134,328 deferred stock units, each entitling him to one share of common stock following his retirement or termination of Board service. A separate entry shows 741 directly held shares reflecting previously reported restricted stock units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wargotz Michael H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,671	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 134,328 shares (Direct)

Footnotes (1)

1. Deferred stock units issued for retainer fees and annual equity grant. 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Wargotz Michael H

(Last) (First) (Middle)

C/O TRAVEL + LEISURE CO.

501 WEST CHURCH STREET

(Street)

ORLANDO FL 32805

(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)
03/11/2026

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	03/11/2026		A		3,671(1)	A	$0	134,328(2)	D
Common Stock								741(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. Deferred stock units issued for retainer fees and annual equity grant. 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 Zanotti as Attorney-in-Fact for Michael H. Wargotz	03/13/2026
	** 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.

FAQ

What did Travel & Leisure Co. (TNL) director Michael Wargotz report in this Form 4?

Director Michael H. Wargotz reported receiving an equity award of 3,671 deferred stock units of Travel & Leisure Co. common stock. This grant represents Board compensation and increased his directly held deferred stock units to 134,328, plus 741 previously reported restricted stock units.

Is Michael Wargotz buying or selling Travel & Leisure Co. (TNL) stock in this filing?

No open-market buy or sell occurred. The Form 4 shows an “A” code grant, meaning a grant, award, or other acquisition of 3,671 deferred stock units as compensation, not a discretionary market transaction in Travel & Leisure Co. shares.

How many Travel & Leisure Co. (TNL) shares does Michael Wargotz hold after the reported grant?

After the reported compensation grant, Michael H. Wargotz directly holds 134,328 deferred stock units of common stock. A separate holding line shows 741 shares tied to previously reported restricted stock units, reflecting his total directly reported equity interests in TNL.

What are the terms of the deferred stock units granted to Michael Wargotz at Travel & Leisure Co.?

The deferred stock units are issued for retainer fees and the annual equity grant. Each unit entitles Michael H. Wargotz to receive one share of common stock after his retirement or termination of service from the Travel & Leisure Co. Board of Directors.

Was any cash consideration paid for the Travel & Leisure Co. (TNL) shares in this Form 4?

No cash purchase is indicated. The transaction price is reported as $0.0000 per share, confirming the 3,671 Common Stock units were received as a non-cash equity compensation grant rather than a cash-funded stock purchase in the market.

How is the additional holding of 741 Travel & Leisure Co. shares described in the filing?

The additional holding of 741 shares of common stock is identified as previously reported restricted stock units. This entry reflects existing equity previously disclosed, not a new transaction or grant, and remains directly held by Michael H. Wargotz.