Director Lucinda Martinez gets 3,338-share equity grant at Travel & Leisure (TNL)

Rhea-AI Filing Summary

MARTINEZ LUCINDA reported acquisition or exercise transactions in this Form 4 filing.

Travel & Leisure Co. director Lucinda Martinez received an equity grant as part of her board compensation. On 2026-03-11, she was awarded 3,338 shares of common stock at $0.00 per share, described as common stock issued for retainer fees and an annual equity grant.

Following the award, Martinez directly holds 22,946 shares of common stock. Separate holding entries show 3,007 previously reported common shares and 741 deferred or restricted stock units, reflecting earlier equity-based compensation rather than new market purchases or sales.

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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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^*

MARTINEZ LUCINDA

(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		3,338(1)	A	$0	22,946(2)	D
Common Stock								3,007(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 common stock.

3. Previously reported deferred stock units.

4. Previously reported shares of restricted stock units.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Lucinda Martinez	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 insider transaction did TNL director Lucinda Martinez report on this Form 4?

Lucinda Martinez reported receiving 3,338 shares of Travel & Leisure Co. common stock as an equity award. The shares were issued at $0.00 per share for retainer fees and an annual equity grant, rather than being bought on the open market.

How many Travel & Leisure Co. (TNL) shares does Lucinda Martinez hold after the grant?

After the March 11, 2026 grant, Lucinda Martinez directly holds 22,946 shares of Travel & Leisure Co. common stock. Additional holding lines reflect 3,007 previously reported common shares and 741 deferred or restricted stock units from earlier compensation awards.

Was Lucinda Martinez’s TNL Form 4 transaction a market purchase or a compensation grant?

The Form 4 shows a compensation grant, not a market purchase. Martinez received 3,338 common shares at $0.00 per share, described as common stock issued for retainer fees and an annual equity grant, consistent with standard director equity compensation practices.

Does the TNL Form 4 show any insider sales by Lucinda Martinez?

The Form 4 does not report any sales by Lucinda Martinez. It records one acquisition coded as a grant or award of 3,338 common shares and two holding entries, indicating previously reported common stock, deferred stock units, and restricted stock units with no new dispositions.

What do the deferred and restricted stock unit footnotes mean in the TNL Form 4?

Footnotes explain that some entries represent previously reported deferred stock units and restricted stock units. These instruments are equity-based compensation that convert into common stock under plan terms, and their presence reflects prior awards rather than new transactions on March 11, 2026.