Was Daniel Yin’s TRV share disposition an open-market sale?

The disposition of 5,904 Travelers Companies shares was reported with code “F,” indicating shares delivered to pay the option exercise price or related taxes. This reflects a tax-withholding disposition, not a discretionary open-market sale into the public market.

Travelers (TRV) EVP Daniel Yin exercises stock options and withholds shares for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Travelers Companies executive Daniel Tei-Hwa Yin, EVP & Co-Chief Investment Officer, reported option-related transactions in company stock. He exercised 8,470 stock options, converting them into an equal number of common shares at an exercise price of $118.78 per share. To cover the exercise price or related tax obligations, 5,904 common shares were disposed of at $302.20 per share as a tax-withholding transaction, not an open-market sale. After these transactions, he directly owned 68,834.051 common shares of Travelers Companies.

Insider Trade Summary

Net Buyer: 2,566 shares

Net Buy 3 txns

Insider Yin Daniel Tei-Hwa

Role EVP & Co-Chief Invest. Officer

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	8,470	$0.00	$0.00
Exercise	Common Stock	8,470	$118.78	$1.01M
Exercise Price or Tax Liability	Common Stock	5,904	$302.20	$1.78M

Holdings After Transaction: Stock Options (Right to Buy) — 0 shares (Direct); Common Stock — 68,834.051 shares (Direct)

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/23/2026 - 04:12 PM

FAQ

What insider transaction did TRV executive Daniel Yin report?

Daniel Tei-Hwa Yin reported exercising stock options and related tax withholding in Travelers Companies (TRV) shares. He converted 8,470 stock options into common stock and disposed of 5,904 shares to satisfy the exercise price or tax obligations.

How many Travelers (TRV) stock options did Daniel Yin exercise?

Daniel Tei-Hwa Yin exercised 8,470 stock options, receiving an equal number of Travelers Companies common shares. The options had an exercise price of $118.78 per share, reflecting a standard derivative exercise rather than an open-market purchase of stock.

At what prices were Daniel Yin’s TRV transactions reported?

The exercised options converted into common shares at an exercise price of $118.78 per share. To cover the exercise price or related tax obligations, 5,904 common shares were disposed of in a tax-withholding transaction at $302.20 per share.

How many TRV shares does Daniel Yin own after these transactions?

Following the reported option exercise and tax-withholding disposition, Daniel Tei-Hwa Yin directly owned 68,834.051 Travelers Companies common shares. This figure reflects his direct holdings after both acquiring shares from option exercise and disposing of shares for tax or exercise-related obligations.

What is Daniel Yin’s role at Travelers Companies (TRV)?

Daniel Tei-Hwa Yin serves as Executive Vice President and Co-Chief Investment Officer at Travelers Companies. His Form 4 filing reflects personal equity compensation activity, including the exercise of stock options and a related tax-withholding share 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

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^*

Yin Daniel Tei-Hwa

(Last)

(First)

(Middle)

THE TRAVELERS COMPANIES, INC.

385 WASHINGTON STREET

(Street)

ST. PAUL

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)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		M		8,470	A	$118.78	74,738.051	D
Common Stock	02/20/2026		F		5,904	D	$302.2	68,834.051	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$118.78	02/20/2026		M			8,470	02/09/2020	02/09/2027	Common Stock	8,470	$0	0	D

Explanation of Responses:

	/s/Wendy C. Skjerven, by power of attorney	02/23/2026
	** 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.

Source: View Original Filing on SEC EDGAR