[Form 4] The Travelers Companies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alan D. Schnitzer, Chairman and CEO of The Travelers Companies, Inc. (TRV), filed a Form 4 reporting transactions dated 08/14/2025. The filing shows a transaction code G for the acquisition of 2,570 shares of Common Stock at a price of $0, and reports 11,091 shares beneficially owned indirectly by spouse following the transaction. The filing also lists a separate entry showing 260,329.401 shares marked as disposed (D) in Common Stock. The report includes an explanatory statement that the reporting person disclaims beneficial ownership of these securities. The Form is signed by Wendy C. Skjerven by power of attorney on 08/15/2025.

Positive

• Reported acquisition of 2,570 shares at $0, indicating some form of non-cash receipt.
• Disclosure of indirect ownership (11,091 shares by spouse) clarifies beneficial ownership structure.

Negative

• Large reported disposition of 260,329.401 shares with no explanatory detail in this filing, which may be material to investors.
• Filing lacks context for the disposition (reason, whether sale or transfer), limiting investor visibility.

Insights

Securities Analyst

TL;DR: Insider reported a small zero-cost acquisition and a large disposition; context needed for material impact.

The Form 4 discloses two principal actions on 08/14/2025: a code G acquisition of 2,570 shares at $0 and a separate reported disposition of 260,329.401 shares. Code G typically signals a gift, and the $0 price confirms no cash consideration was reported for the 2,570-share line. The large disposed amount is materially larger than the acquisition and could affect outstanding insider holdings and market perception, but the filing lacks context (e.g., whether the disposition was part of a planned sale, transfer to trusts, or other corporate action). The reporting person also disclaims beneficial ownership for certain shares and lists indirect ownership by spouse of 11,091 shares, which is relevant for control calculations. Overall impact is mixed pending further details.

Corporate Governance Expert

TL;DR: Transaction mix raises governance questions; large disposition warrants disclosure of rationale.

The filing shows the CEO and a director executing both an acquisition (2,570 shares at $0) and a substantial disposition (260,329.401 shares) on the same date. From a governance perspective, simultaneous small acquisitions and large disposals by a top insider can be routine but merit explanation to investors to avoid perceived signaling issues. The explicit disclaimer of beneficial ownership for certain securities and the attribution of 11,091 indirectly held shares to a spouse are important legal clarifications. The Form is executed via power of attorney, which is standard but should be paired with supplemental disclosure if the disposition represents a planned transfer or other non-market activity.

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^*

Schnitzer Alan D

(Last) (First) (Middle)

THE TRAVELERS COMPANIES, INC.

385 WASHINGTON STREET

(Street)

ST. PAUL MN 55102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRAVELERS COMPANIES, INC. [ TRV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		G		2,570	A	$0	11,091	I	By Spouse(1)
Common Stock								260,329.401	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. The Reporting Person disclaims beneficial ownership of these securities.

	/s/Wendy C. Skjerven, by power of attorney	08/15/2025
	** 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 transactions did Alan D. Schnitzer report on Form 4 for TRV?

The Form 4 reports a 2,570-share acquisition at $0 (transaction code G) and a separate reported disposition of 260,329.401 shares dated 08/14/2025.

What does transaction code G mean on the Form 4?

This filing shows transaction code G for the 2,570-share line; the form itself does not define the code. The reported price for that line is $0.

How many shares does the filing show as indirectly owned after the transaction?

The Form 4 reports 11,091 shares as beneficially owned indirectly by the reporting person’s spouse following the reported transaction.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Wendy C. Skjerven by power of attorney on 08/15/2025 according to the filing.

Does the filing explain the reason for the large 260,329.401-share disposition?

No. The Form 4 includes an explanatory line disclaiming beneficial ownership for certain securities but does not state the reason for that 260,329.401-share disposition.