Welcome to our dedicated page for Travel & Leisure Co. SEC filings (Ticker: TNL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Travel + Leisure Co.'s SEC filings document operating results, Regulation FD investor materials, governance matters and debt arrangements for its leisure travel and vacation ownership business. Recent 8-K reports furnish quarterly and annual results, supplemental financial information, outlook commentary, VOI sales metrics and presentation materials about operations, results and prospects.
Proxy materials describe board and shareholder voting matters, executive compensation and equity-award disclosures. Material-event filings also record credit agreement amendments, term loan repricing, direct financial obligations and other capital-structure disclosures tied to corporate debt and the company's securitized notes receivables portfolio.
TNL affiliate submitted a Form 144 through Merrill Lynch to sell common stock. The excerpt lists broker information for Merrill Lynch and shows two scheduled RSU vesting events with 2,196 and 1,708 shares on 03/18/2025 and 08/27/2025, respectively. Additional numeric lines appear but are not clearly labeled in the excerpt.
Travel + Leisure Co. files its annual report describing a large timeshare and travel membership platform built around two segments: Vacation Ownership and Travel and Membership. Vacation Ownership generated 46% of 2025 revenue from VOI sales, 40% from fee-for-service, 11% from consumer financing and 3% from other streams.
The company reports more than 280 resorts with 29,000 units and 797,000 owner families, plus 3.3 million RCI exchange members and 3,600 affiliated resorts. As of June 30, 2025, non-affiliate common stock market value was $3.30 billion, and 62,397,734 shares were outstanding as of January 31, 2026.
Management highlights growth plans through multi-brand timeshare expansion, travel clubs, B2B private-label travel solutions and partnerships with brands such as Wyndham Hotels, Margaritaville and Accor. Extensive risk disclosures cover competition in leisure travel, macroeconomic pressures, climate and extreme weather exposure, regulatory complexity and execution risks from acquisitions, including the Travel + Leisure brand and Accor Vacation Club.
Travel + Leisure Co. reported solid 2025 growth in its core vacation ownership business but lower GAAP earnings due to a major portfolio cleanup. Full-year net revenue was $4.02 billion, with Gross VOI sales up 8% to $2.49 billion and net income of $230 million, or $3.44 diluted EPS, including $216 million of resort-related write-downs and impairments.
On an adjusted basis, performance improved: 2025 Adjusted EBITDA rose 7% to $990 million and Adjusted diluted EPS increased 10% to $6.34. Operating cash flow reached $640 million and Adjusted free cash flow was $516 million. The company repurchased $300 million of stock and paid $149 million in dividends in 2025, and the board approved a new $750 million buyback authorization. For 2026, management guides Adjusted EBITDA to $1.03–$1.055 billion and plans to recommend raising the quarterly dividend to $0.60 per share, supported by expected positive net benefits from its Resort Optimization Initiative.
Travel & Leisure Co. director reports additional deferred stock units
A director of Travel & Leisure Co. reported acquiring 406 shares of common stock in the form of deferred stock units on 12/31/2025 at a price of $0 per unit. These units were issued as dividend equivalents, and each deferred stock unit entitles the director to receive one share of common stock after retirement or termination of Board service.
Following this transaction, the director beneficially owned 48,089 deferred stock units and 1,955 previously reported restricted stock units, all held directly. This filing reflects ongoing equity-based alignment of the director’s interests with those of other Travel & Leisure Co. shareholders.
Travel + Leisure Co. director reports routine stock-based compensation. A board member reported acquiring 407 shares of common stock in the form of deferred stock units on 12/31/2025 at a price of $0, issued as dividend equivalents. Each deferred stock unit converts into one share of common stock after the director retires or leaves the Board.
Following this transaction, the director beneficially owns 48,264 deferred stock units, 346,947 shares of common stock, and 1,955 restricted stock units, all held directly. The filing reflects ongoing equity-based compensation and dividend accruals rather than an open‑market purchase or sale.
Travel & Leisure Co. director James E. Buckman reported a routine change in his holdings of company stock-based awards. On 12/31/2025, he acquired 1,039 deferred stock units at a price of $0, representing stock units issued for dividends. Each deferred stock unit entitles him to receive one share of common stock after his retirement or termination of service from the Board of Directors.
Following this transaction, Buckman beneficially owned 128,474 deferred stock units, which include previously reported deferred stock units. He also held 1,955 restricted stock units and 6,998 shares of common stock, which were previously reported. The filing notes that it was submitted as a Form filed by one reporting person, in his capacity as a director of Travel & Leisure Co.
Travel & Leisure Co. director reports additional stock-based compensation. A board member acquired 326 deferred stock units of Travel & Leisure Co. common stock on 12/31/2025 at a price of $0, described as deferred stock units issued for dividends. Each deferred stock unit entitles the holder to receive one share of common stock after retirement or termination of board service.
Following this transaction, the director beneficially owns 37,952 deferred stock units, 4,477 shares of common stock, and 1,955 restricted stock units, all reported as directly owned. The filing reflects ongoing equity-based compensation and dividend equivalents rather than an open-market purchase.
Travel & Leisure Co. director reports routine stock-based award. A board member of Travel & Leisure Co. reported receiving 678 deferred stock units of common stock on 12/31/2025 at a price of $0, issued as dividend equivalents. These units will convert into the same number of common shares after the director retires or leaves the board. Following this transaction, the director beneficially owns 82,568 deferred stock units directly, along with 1,955 previously reported restricted stock units. This filing reflects ongoing equity-based compensation rather than an open‑market purchase or sale.
Travel & Leisure Co. director reports dividend-equivalent stock units
Director Lucinda Martinez reported a routine equity transaction involving deferred stock units of Travel & Leisure Co. On 12/31/2025, she acquired 31 deferred stock units of common stock at a price of $0, issued as dividend equivalents. Each deferred stock unit entitles her to receive one share of common stock after she retires or otherwise leaves the Board of Directors.
Following this transaction, she beneficially owns 3,007 deferred stock units, 1,955 restricted stock units, and 18,394 shares of common stock, all held directly. The filing indicates she serves as a director of Travel & Leisure Co. and that the report is filed by one reporting person.