Travel & Leisure Co. (TNL) director awarded 1,328 deferred stock units

Rhea-AI Filing Summary

Travel & Leisure Co. director Stephen P. Holmes received an award of 1,328 deferred stock units and accrued dividends on March 10, 2026, at no cost, upon vesting of previously granted restricted stock units. Each deferred unit converts into one common share after his retirement or departure from the Board. Following this award, he directly holds 49,592 deferred stock units, along with separately reported direct holdings of 346,947 shares of common stock and 741 restricted stock units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider HOLMES STEPHEN P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,328	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,592 shares (Direct)

Footnotes (1)

1. Deferred stock units and accrued dividends issued on vesting of previously-granted restricted stock units. Each deferred stock unit entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors. Includes previously reported deferred stock units. Previously reported shares of common stock. 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^*

HOLMES STEPHEN P

(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)
03/10/2026

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		1,328(1)	A	$0	49,592(2)	D
Common Stock								346,947(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. Deferred stock units and accrued dividends issued on vesting of previously-granted restricted stock units. Each deferred stock unit entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors.

2. Includes previously reported deferred stock units.

3. Previously reported shares of common stock.

4. Previously reported restricted stock units.

Remarks:

	/s/ Jeff J. Zanotti as Attorney-in-Fact for Stephen P. Holmes	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 transaction did Travel & Leisure Co. (TNL) report for Stephen P. Holmes?

Stephen P. Holmes received 1,328 deferred stock units and accrued dividends as an award on March 10, 2026. The units were issued at no cost upon vesting of previously granted restricted stock units, reflecting routine board-related equity compensation.

How many Travel & Leisure Co. deferred stock units does Stephen P. Holmes hold after this Form 4?

After the March 10, 2026 award, Stephen P. Holmes directly holds 49,592 deferred stock units. These units were accumulated through this grant and previously reported deferred stock units, each entitling him to one share of common stock upon retirement or Board service termination.

What does each deferred stock unit for Travel & Leisure Co. (TNL) entitle Stephen P. Holmes to receive?

Each deferred stock unit entitles Stephen P. Holmes to receive one share of Travel & Leisure Co. common stock. Delivery occurs after his retirement or termination of service from the Board of Directors, aligning equity compensation with his continued board tenure and eventual departure.

Were Stephen P. Holmes’ Travel & Leisure Co. shares in this Form 4 purchased on the open market?

No, the 1,328 units reported are a grant of deferred stock units and accrued dividends, issued at no cost. They arose from vesting of previously granted restricted stock units, meaning this transaction is compensation-related rather than an open-market purchase of Travel & Leisure Co. shares.

What other Travel & Leisure Co. equity holdings for Stephen P. Holmes are shown in this Form 4?

Besides deferred stock units, the filing lists 346,947 previously reported shares of common stock and 741 previously reported restricted stock units. These entries represent existing direct equity and award positions and do not reflect new purchases or sales on the transaction date.