Travelers (NYSE: TRV) director awarded 729 deferred stock units

Rhea-AI Filing Summary

The Travelers Companies, Inc. director Rafael Santana reported receiving an award of 729 deferred stock units of common stock on February 3, 2026 at a price of $288.23 per share. After this grant, he beneficially owns 4,622.338 common shares on a direct basis.

The units were granted under Travelers' Amended and Restated 2023 Stock Incentive Plan and its Deferred Compensation Plan for Non-Employee Directors. Each unit converts into one share of common stock, with distribution in a lump sum or installments starting at least six months after board service ends. The total includes 60.964 units accumulated through dividend reinvestment since February 4, 2025.

Insider Trade Summary

Net Buyer: 729 shares

Net Buy 1 txn

Insider Santana Rafael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	729	$288.23	$210K

Holdings After Transaction: Common Stock — 4,622.338 shares (Direct)

Footnotes (2)

1. F1. Consists of deferred stock units awarded pursuant to the Company's Amended and Restated 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. The deferred stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments beginning at least six months following termination of his or her service as a director pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.
2. F2. Includes 60.964 shares of deferred stock units acquired since February 4, 2025 pursuant to the dividend reinvestment feature of the Company's Deferred Compensation Plan for Non-Employee Directors.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/05/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What insider transaction did Travelers (TRV) director Rafael Santana report?

Rafael Santana reported an award of 729 deferred stock units. The grant, dated February 3, 2026, covers Travelers common stock at a reference price of $288.23 per share, increasing his directly beneficially owned common stock holdings to a total of 4,622.338 shares.

How many Travelers (TRV) shares does Rafael Santana beneficially own after this Form 4?

After the transaction, Rafael Santana beneficially owns 4,622.338 shares. This total reflects his direct ownership of Travelers common stock, including deferred stock units and additional 60.964 units accumulated through the dividend reinvestment feature of the Deferred Compensation Plan for Non-Employee Directors.

What are the terms of Rafael Santana’s deferred stock units at Travelers (TRV)?

The deferred stock units convert one-for-one into Travelers common stock. Distribution occurs, at Santana’s election, either in a lump sum or annual installments, beginning at least six months after his service as a director ends under the company’s Deferred Compensation Plan for Non-Employee Directors.

Under which plans were Rafael Santana’s Travelers (TRV) deferred stock units granted?

The units were granted under two Travelers plans. They were awarded pursuant to the Amended and Restated 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors, which together govern the award, deferral, conversion, and distribution mechanics of the reported deferred stock units.

How were additional Travelers (TRV) deferred stock units accumulated for Rafael Santana?

Additional units came from dividend reinvestment. The filing notes that 60.964 of Santana’s deferred stock units were acquired since February 4, 2025 through the dividend reinvestment feature of Travelers’ Deferred Compensation Plan for Non-Employee Directors, increasing his overall beneficial interest.

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^*

Santana Rafael

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		A		729(1)	A	$288.23	4,622.338(2)	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. Consists of deferred stock units awarded pursuant to the Company's Amended and Restated 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. The deferred stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments beginning at least six months following termination of his or her service as a director pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.

2. Includes 60.964 shares of deferred stock units acquired since February 4, 2025 pursuant to the dividend reinvestment feature of the Company's Deferred Compensation Plan for Non-Employee Directors.

	/s/Wendy C. Skjerven, by power of attorney	02/05/2026
	** 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.
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