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Stock grant boosts Travel & Leisure (NYSE: TNL) director’s holdings

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

Rhea-AI Filing Summary

Travel & Leisure Co. director George Herrera received a grant of 3,601 shares of common stock on March 11, 2026. The award was issued at no cash cost per share as compensation for retainer fees and the annual equity grant. This is a routine, compensation-related acquisition rather than an open-market purchase.

Positive

  • None.

Negative

  • None.
Insider HERRERA GEORGE
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 3,601 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 4,815 shares (Direct)
Footnotes (1)
  1. Common stock issued for retainer fees and annual equity grant. Includes previously reported shares of common stock. 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
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*
HERRERA GEORGE
(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 3,601(1) A $0 4,815(2) D
Common Stock 46,333(3) D
Common Stock 741(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. Common stock issued for retainer fees and annual equity grant.
2. Includes previously reported shares of common stock.
3. Previously reported deferred stock units.
4. Previously reported restricted stock units.
Remarks:
/s/ Jeff J. Zanotti as Attorney-in-Fact for George Herrera 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

George Herrera reported receiving a grant of 3,601 shares of Travel & Leisure Co. common stock. The shares were issued as part of his director compensation, covering retainer fees and the annual equity grant, and did not involve an open-market purchase.

How many Travel & Leisure Co. (TNL) shares were granted to George Herrera?

George Herrera was granted 3,601 shares of Travel & Leisure Co. common stock. This grant reflects director compensation, not a market trade, and increases his equity-based stake through stock issued directly by the company rather than purchases on the open market.

Was cash paid for the Travel & Leisure Co. (TNL) shares granted to George Herrera?

No cash was paid for the 3,601 Travel & Leisure Co. shares granted to George Herrera. The filing shows a price per share of 0.0000, indicating the stock was issued as compensation instead of a cash-paid transaction in the market.

What is the nature of the stock grant reported by George Herrera at Travel & Leisure Co. (TNL)?

The stock grant to George Herrera represents common stock issued for retainer fees and an annual equity grant. This is standard director compensation, providing additional equity without signaling a discretionary open-market buy or sell decision by the director.

Does George Herrera’s Form 4 for Travel & Leisure Co. (TNL) indicate any stock sales?

The Form 4 does not report any stock sales by George Herrera. It shows an acquisition coded as a grant or award, with 3,601 common shares issued as compensation, and additional lines reflecting previously reported holdings and stock units rather than new dispositions.

How does the Form 4 describe George Herrera’s other Travel & Leisure Co. (TNL) holdings?

The Form 4 notes that some entries include previously reported common stock and previously reported deferred and restricted stock units. These references clarify that certain holdings were established in earlier awards and are being carried forward rather than newly acquired in this filing.