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

Travel & Leisure Co. (NYSE: TNL) COO sells 33,744 shares at $75.65

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Travel & Leisure Co. executive Geoffrey Richards, Chief Operating Officer, Vacation Ownership, reported an indirect sale of 33,744 shares of common stock on July 27, 2026 through the Geoffrey S Richards Revocable Trust at a weighted average price of $75.65 per share, with individual trade prices between $75.21 and $76.02. Following the sale, the trust holds 1,600 shares indirectly. The filing also reaffirms previously reported common stock holdings and corrects the amount of restricted stock units to include 18,449 RSUs that were previously omitted due to an administrative error.

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Insider RICHARDS GEOFFREY
Role See Remarks
Sold 33,744 shs ($2.55M)
Type Security Shares Price Value
Sale Common Stock F1 33,744 $75.65 $2.55M
holding Common Stock F2 -- -- --
holding Common Stock F3 -- -- --
Holdings After Transaction: Common Stock — 1,600 shares (Indirect, Geoffrey S Richards Revocable Trust); Common Stock — 124,519 shares (Direct)
Footnotes (3)
  1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $75.21 to 76.02, 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. F2. Previously reported shares of common stock.
  3. F3. Amount of restricted stock units (RSUs) includes 18,449 RSUs that were previously omitted due to an administrative error.
Shares sold 33744 shares Indirect sale of common stock on 2026-07-27
Weighted average sale price $75.6500 per share Price for the reported common stock sale
Sale price range $75.21–$76.02 per share Range of individual trade prices within the sale
Indirect shares after sale 1600 shares Shares held by Geoffrey S Richards Revocable Trust following transaction
Previously omitted RSUs added 18449 RSUs Restricted stock units included after administrative error correction
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units (RSUs) financial
"Amount of restricted stock units (RSUs) includes 18,449 RSUs..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Geoffrey S Richards Revocable Trust financial
"Nature of ownership: Geoffrey S Richards Revocable Trust."

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FAQ

What insider transaction did TNL's Geoffrey Richards report?
Geoffrey Richards reported an indirect sale of 33,744 shares of Travel & Leisure Co. common stock on July 27, 2026. The shares were sold through the Geoffrey S Richards Revocable Trust at a weighted average price of $75.65 per share.

At what prices were Geoffrey Richards' TNL shares sold?
The reported sale used a weighted average price of $75.65 per share. According to the filing, individual trades occurred in multiple transactions at prices ranging from $75.21 to $76.02, and detailed breakdowns are available on request.

How many Travel & Leisure (TNL) shares does Richards hold after the sale?
After the transaction, the Geoffrey S Richards Revocable Trust holds 1,600 shares of Travel & Leisure Co. common stock indirectly. The filing also includes entries for previously reported common stock and restricted stock unit positions associated with Richards.

What correction was made to Geoffrey Richards' TNL restricted stock units?
The filing states that the amount of restricted stock units now includes 18,449 RSUs that were previously omitted due to an administrative error. This updates the reported RSU holdings to reflect units that should have been shown earlier.

Was Geoffrey Richards' TNL share sale under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox in the filing is not marked, indicating the reported sale was not made pursuant to a Rule 10b5-1 trading plan. This means it was not executed under a pre-arranged automatic trading program.

What is Geoffrey Richards' role at Travel & Leisure Co. (TNL)?
Geoffrey Richards is identified as an officer of Travel & Leisure Co., serving as Chief Operating Officer, Vacation Ownership. His insider status requires reporting transactions in company securities, such as the common stock sale disclosed in this Form 4.
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*
RICHARDS GEOFFREY
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026		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 Stock07/27/2026S33,744D$75.65(1)1,600IGeoffrey S Richards Revocable Trust
Common Stock37,998(2)D
Common Stock86,521(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $75.21 to 76.02, 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. Amount of restricted stock units (RSUs) includes 18,449 RSUs that were previously omitted due to an administrative error.
Remarks:
Chief Operating Officer, Vacation Ownership.
/s/ Jeff Zanotti as Attorney-in-Fact for Geoffrey Richards07/28/2026
** 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