Travelers (NYSE: TRV) EVP sells 4,731 shares after option exercise

Rhea-AI Filing Summary

Travelers Companies executive David Donnay exercised 4,731 stock options and sold the same number of shares. On the same day, he converted options into 4,731 common shares at an exercise price of $126.18 per share, then sold 4,731 shares in open-market transactions at a weighted average price of $308.5191 per share.

After these trades, Donnay directly owned 10,478.629 common shares. He also held additional indirect interests, including 5,881.556 shares through a 401(k) plan and 22,083 shares held in trust. The filing notes the sale price is a weighted average across individual trades between $308.18 and $308.62.

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)
02/26/2026

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	02/26/2026		M		4,731	A	$126.18	15,209.629	D
Common Stock	02/26/2026		S		4,731	D	$308.5191(1)	10,478.629	D
Common Stock								5,881.556	I	401(k) Plan
Common Stock								22,083	I	In Trust

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
Stock Options (Right to Buy)	$126.18	02/26/2026		M			4,731	02/05/2022	02/05/2029	Common Stock	4,731	$0	0	D

Explanation of Responses:

1. Represents the weighted average sales price for increments ranging from $308.18 to $308.62. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

	/s/Wendy C. Skjerven, by power of attorney	02/27/2026
	** 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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FAQ

What did TRAVELERS COMPANIES (TRV) executive David Donnay report on this Form 4?

David Donnay reported exercising 4,731 stock options and immediately selling 4,731 common shares. These transactions converted options into stock at a lower exercise price and then monetized those shares at a higher market price on the same date.

How many TRV shares did David Donnay sell and at what price?

He sold 4,731 common shares of TRAVELERS COMPANIES at a weighted average price of $308.5191 per share. The filing explains individual sale prices ranged between $308.18 and $308.62, reflecting multiple trades during the day.

What option exercise did David Donnay complete in TRV stock?

Donnay exercised stock options covering 4,731 shares of TRAVELERS COMPANIES common stock. The options had an exercise price of $126.18 per share, converting a derivative right to buy into directly owned common shares before the subsequent sale.

How many TRV shares does David Donnay own directly after these transactions?

Following the option exercise and share sale, Donnay directly owned 10,478.629 TRAVELERS COMPANIES common shares. This reflects his remaining direct holdings after selling 4,731 shares that were acquired through the exercised stock options.

What indirect TRV share holdings does David Donnay report?

He reports 5,881.556 TRAVELERS COMPANIES shares held indirectly through a 401(k) plan and 22,083 shares held in trust. These positions are disclosed as indirect ownership interests separate from his directly held common stock.

Is David Donnay’s TRV transaction an open-market sale or part of a plan?

The filing classifies the 4,731-share transaction as an open-market sale. It uses transaction code “S” and describes the trade as a sale in open market or private transaction, following the exercise of stock options the same day.