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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 4,731 shares ($863K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Rowland David Donnay
Role
EVP & Co-Chief Invest. Officer
Sold
4,731 shs ($1.46M)
Approx. gross sale proceeds
$1.46M
Approx. exercise cost
$597K
Approx. pre-tax spread
$863K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 4,731 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,731 | $126.18 | $597K |
| Sale | Common Stock | 4,731 | $308.5191 | $1.46M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Common Stock — 10,478.629 shares (Direct);
Common Stock — 5,881.556 shares (Indirect, 401(k) Plan);
Common Stock — 22,083 shares (Indirect, In Trust)
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.
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.