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

Rhea-AI Filing Summary

Insider transaction summary: The Form 4 shows insider Rowland David Donnay, EVP & Co-Chief Investment Officer of The Travelers Companies, Inc. (TRV), reported transactions dated 08/18/2025. The filing records a distribution of 2,034 shares from a GRAT to another trust and a transfer that moved 3,131 shares from indirect trust holdings to direct ownership. After the reported disposition, Mr. Donnay beneficially owned 12,686 shares indirectly (held in trust) and directly held additional shares including 5,837.775 shares in a 401(k) plan and 14,862.385 shares

Insights

Corporate Governance Expert

TL;DR: Routine internal trust-to-trust and direct ownership adjustments by a senior executive; no market trades at cash value reported.

This Form 4 documents non-market transfers: a distribution from a grantor retained annuity trust (GRAT) and reclassification of indirect trust holdings to direct ownership. Such transactions commonly reflect estate planning or internal family/trust arrangements rather than open-market buying or selling. The filing shows dispositions coded as internal transfers (transaction code G) with a reported price of $0, indicating no sale for cash. For investors, these moves change beneficial ownership reporting but do not indicate share liquidity events that would directly affect supply/demand in the market.

Securities Analyst

TL;DR: Materiality appears limited; transactions are administrative transfers and not public market dispositions.

The reported amounts—2,034 shares transferred from a GRAT and 3,131 shares reclassified from indirect to direct holding—are specific and documented. The presence of holdings in a 401(k) plan and trusts suggests diversified ownership forms. Because the transactions show a $0 price and are coded as transfers, they do not represent market sales or purchases that would immediately impact share float or signal trading intent. Impact on shareholder base or voting power should be assessed in context of total outstanding shares; the form itself contains no indication of change in control or economic disposition.

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

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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^*

Rowland David Donnay

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Co-Chief Invest. Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		G		2,034(1)	D	$0	12,686(2)	I	In Trust
Common Stock								14,862.385(2)	D
Common Stock								5,837.775	I	401(k) Plan

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. Reflects a distribution of 2,034 shares from a GRAT to another trust.

2. Reflects the transfer of 3,131 shares previously held indirectly in trust by the Reporting Person. Such shares are now held directly.

	/s/Wendy C. Skjerven, by power of attorney	08/19/2025
	** 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 TRV insider Rowland David Donnay report on Form 4 dated 08/18/2025?

He reported a distribution of 2,034 shares from a GRAT to another trust and the transfer of 3,131 shares from indirect trust holdings to direct ownership.

Were any market sales or purchases reported in this Form 4 for TRV?

No market sales or purchases are reported; the transactions are coded as transfers with a reported price of $0.

How many TRV shares does the reporting person beneficially own after these transactions?

12,686 shares are shown as beneficially owned indirectly following the reported transactions, with additional direct and 401(k) holdings noted in the filing.

What is the reporting person’s role at The Travelers Companies, Inc. (TRV)?

Rowland David Donnay is EVP & Co-Chief Investment Officer and filed this Form 4 as an officer of the company.

When was the Form 4 signed and by whom?

The form was signed on 08/19/2025 by Wendy C. Skjerven by power of attorney for the reporting person.