Travel & Leisure Co. (TNL) CTO sells 52,617 shares at $78 and updates RSUs

Rhea-AI Filing Summary

Travel & Leisure Co. reported that Chief Technology Officer SY Esfahani executed a coded "S" sale transaction involving 52,617 shares of common stock on 2026-08-04 at $78.00 per share, in an open-market or private transaction category. The Rule 10b5-1 trading-plan box was not checked. A separate holding entry notes that the reported amount of restricted stock units now includes 4,105 additional RSUs that had been omitted earlier due to an administrative error, correcting previously disclosed equity holdings.

Insider Trade Summary

Net Seller: 52,617 shares

Net Sell 2 txns

Insider ESFAHANI SY

Role Chief Technology Officer

Sold 52,617 shs ($4.10M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	52,617	$78.00	$4.10M
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 30,545 shares (Direct)

Footnotes (2)

1. F1. Previously reported shares of common stock.
2. F2. Amount of restricted stock units (RSUs) includes 4,105 RSUs that were previously omitted due to an administrative error.

Key Figures

Shares sold: 52,617 shares Sale price per share: $78.00 per share Net shares sold: 52,617 shares +1 more

4 metrics

Shares sold 52,617 shares Common stock sale by CTO SY Esfahani on 2026-08-04

Sale price per share $78.00 per share Price for 52,617 common shares sold on 2026-08-04

Net shares sold 52,617 shares Net sell direction reported in transaction summary

Additional RSUs disclosed 4,105 RSUs Previously omitted RSUs added due to administrative error

Key Terms

restricted stock units (RSUs), Rule 10b5-1, open market or private transaction

3 terms

restricted stock units (RSUs) financial

"Amount of restricted stock units (RSUs) includes 4,105 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.

Rule 10b5-1 regulatory

"The Rule 10b5-1 trading-plan box was not checked"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/06/2026 - 04:04 PM Accepted by SEC EDGAR 08/06/2026 - 04:03 PM Learn about SEC filing dates

FAQ

What insider transaction did TNL's Chief Technology Officer report?

Travel & Leisure Co. CTO SY Esfahani reported a sale of 52,617 common shares on 2026-08-04 at $78.00 per share. The transaction was coded "S," indicating a sale in an open-market or private transaction category.

How many Travel & Leisure Co. (TNL) shares were sold and at what price?

SY Esfahani sold 52,617 shares of Travel & Leisure Co. common stock at a price of $78.00 per share. The transaction took place on 2026-08-04 and was reported as a standard sale transaction under code "S."

Was the TNL CTO’s share sale under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox was not marked as affirmative, so the reported sale of 52,617 shares at $78.00 is not identified as being executed under a Rule 10b5-1 trading plan.

What correction was made to TNL restricted stock unit (RSU) holdings?

The reported amount of restricted stock units now includes 4,105 additional RSUs that had been previously omitted due to an administrative error. This change corrects the disclosed RSU holdings but does not represent a new grant or sale transaction.

What role does SY Esfahani have at Travel & Leisure Co. (TNL)?

SY Esfahani is identified as the Chief Technology Officer of Travel & Leisure Co. and filed a Form 4 reporting the sale of 52,617 common shares at $78.00 per share plus a correction to reported RSU holdings.

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^*

ESFAHANI SY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2026		S		52,617(1)	D	$78	0	D
Common Stock								30,545(2)	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. Previously reported shares of common stock.

2. Amount of restricted stock units (RSUs) includes 4,105 RSUs that were previously omitted due to an administrative error.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Said Esfahani	08/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)