Travel & Leisure (TNL) officer gets 49,379-share award, withholds 19,433 for taxes

Rhea-AI Filing Summary

Travel & Leisure Co. officer Geoffrey Richards reported compensation-related stock activity. He acquired 49,379 shares of common stock at no cost upon vesting of previously granted restricted stock units and performance share units. On the same date, 19,433 shares were disposed of back to the issuer at $71.12 per share, with the shares withheld to cover tax liabilities tied to the vesting. Following these events, Richards held 66,232 common shares directly and 35,344 shares indirectly through the Geoffrey S Richards Revocable Trust.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider RICHARDS GEOFFREY

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	49,379	$0.00	--
Disposition	Common Stock	19,433	$71.12	$1.38M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,379 shares (Direct); Common Stock — 35,344 shares (Indirect, Geoffrey S Richards Revocable Trust)

Footnotes (1)

1. Common stock acquired on vesting of previously-granted restricted stock units and performance share units. Common stock. Common stock withheld as payment toward the tax liability incident to the vesting of restricted stock units and performance share units granted in accordance with Rule 16b-3 and delivery of shares in respect thereof. 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^*

RICHARDS GEOFFREY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A		49,379(1)	A	$0	49,379(2)	D
Common Stock	03/10/2026		D		19,433(3)	D	$71.12	29,946(2)	D
Common Stock								66,232(4)	D
Common Stock								35,344	I	Geoffrey S Richards Revocable Trust

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 acquired on vesting of previously-granted restricted stock units and performance share units.

2. Common stock.

3. Common stock withheld as payment toward the tax liability incident to the vesting of restricted stock units and performance share units granted in accordance with Rule 16b-3 and delivery of shares in respect thereof.

4. Previously reported restricted stock units.

Remarks:

Chief Operating Officer, Vacation Ownership.

	/s/ Jeff Zanotti as Attorney-in-Fact for Geoffrey Richards	03/12/2026
	** 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 transactions did Geoffrey Richards report for Travel & Leisure Co. (TNL)?

Geoffrey Richards reported a stock award and a related share disposition. He received 49,379 Travel & Leisure common shares from vesting equity awards and disposed of 19,433 shares back to the issuer to cover tax obligations tied to that vesting event.

How many Travel & Leisure (TNL) shares did Geoffrey Richards acquire in this Form 4?

Richards acquired 49,379 shares of Travel & Leisure common stock. These shares came from the vesting of previously granted restricted stock units and performance share units, effectively converting prior equity awards into directly owned company shares.

Why were 19,433 Travel & Leisure (TNL) shares disposed of in Geoffrey Richards’ filing?

The 19,433 shares were withheld and disposed of back to the issuer at $71.12 per share. According to the disclosure, this disposition covered tax liabilities arising from the vesting of Richards’ restricted stock units and performance share units.

Did Geoffrey Richards’ Form 4 show an open-market sale of Travel & Leisure (TNL) stock?

The filing does not show an open-market sale. The 19,433 shares marked as a disposition were returned to the issuer to satisfy tax obligations tied to equity award vesting, rather than being sold on the open market to other investors.

What are Geoffrey Richards’ Travel & Leisure (TNL) holdings after these transactions?

After the reported activity, Richards directly held 66,232 Travel & Leisure common shares. He also indirectly held 35,344 shares through the Geoffrey S Richards Revocable Trust, reflecting both his personal and trust-related ownership positions.

What type of equity awards vested for Geoffrey Richards at Travel & Leisure (TNL)?

The acquired shares came from vesting of restricted stock units and performance share units. These awards had been granted previously, and upon vesting they delivered Travel & Leisure common shares to Richards without a cash purchase price.