TRV insider exercises 7,000 options, sells 7,000 shares at $280–286

The Travelers Companies (TRV) vice chairman reported option exercises and open‑market sales.

Rhea-AI Filing Summary

The Travelers Companies (TRV) vice chairman reported option exercises and open‑market sales. From 11/07–11/11/2025, the insider exercised 7,000 stock options at an exercise price of $139.83 and sold 7,000 common shares in multiple transactions at prices including $280, $281, $282, a weighted average of $283.89, $285, and $286.

Following these transactions, directly held shares were 255,085.534, with an additional 1,710.706 shares listed under a 401(k) Plan. The filing notes shares held by a spouse and a trust for a stepson are disclaimed for beneficial ownership. Derivative holdings show 2,000 stock options remaining.

Insider Trade Summary

Exercise and Sale: 7,000 shares ($1.00M approx. pre-tax spread)

Exercise and Sale 15 txns

Insider HEYMAN WILLIAM H

Role Vice Chairman

Sold 7,000 shs ($1.98M)

Approx. gross sale proceeds $1.98M

Approx. exercise cost $979K

Approx. pre-tax spread $1.00M

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	4,000	$0.00	$0.00
Exercise	Common Stock	4,000	$139.83	$559K
Sale	Common Stock	2,000	$283.89	$568K
Sale	Common Stock	1,000	$285.00	$285K
Sale	Common Stock	1,000	$286.00	$286K
Exercise	Stock Options (Right to Buy)	2,000	$0.00	$0.00
Exercise	Common Stock	2,000	$139.83	$280K
Sale	Common Stock	1,000	$281.00	$281K
Sale	Common Stock	1,000	$282.00	$282K
Exercise	Stock Options (Right to Buy)	1,000	$0.00	$0.00
Exercise	Common Stock	1,000	$139.83	$140K
Sale	Common Stock	1,000	$280.00	$280K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 2,000 contracts (Direct); Common Stock — 255,085.534 shares (Direct); Common Stock — 1,710.706 shares (Indirect, 401(k) Plan); Common Stock — 2,256 shares (Indirect, Held By Spouse); Common Stock — 250 shares (Indirect, In Trust For Stepson)

Footnotes (2)

1. F1. Represents the weighted average sales price for increments ranging from $283.78 to $284.00. 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.
2. F2. The Reporting Person disclaims beneficial ownership of these shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did TRV disclose on Form 4?

The vice chairman exercised 7,000 stock options at $139.83 and sold 7,000 shares between 11/07–11/11/2025 at prices from $280 to $286.

What were the sale prices reported by the TRV insider?

Reported sales occurred at $280, $281, $282, a weighted average of $283.89 (note 1), $285, and $286.

How many TRV shares does the insider own after the transactions?

Direct beneficial ownership was 255,085.534 shares after the reported transactions.

What indirect holdings are listed for the TRV insider?

The filing lists 1,710.706 shares under a 401(k) Plan. Shares held by a spouse and a trust for a stepson are disclaimed for beneficial ownership.

How many TRV options remain after the exercises?

The derivative table shows 2,000 stock options remaining following the exercises.

On which dates did the TRV insider transact?

Transactions occurred on 11/07/2025, 11/10/2025, and 11/11/2025.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/12/2025 - 04:07 PM Learn about SEC filing dates

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^*

HEYMAN WILLIAM H

(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)
	Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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	11/07/2025		M		1,000	A	$139.83	256,085.534	D
Common Stock	11/07/2025		S		1,000	D	$280	255,085.534	D
Common Stock	11/10/2025		M		2,000	A	$139.83	257,085.534	D
Common Stock	11/10/2025		S		1,000	D	$281	256,085.534	D
Common Stock	11/10/2025		S		1,000	D	$282	255,085.534	D
Common Stock	11/11/2025		M		4,000	A	$139.83	259,085.534	D
Common Stock	11/11/2025		S		2,000	D	$283.89(1)	257,085.534	D
Common Stock	11/11/2025		S		1,000	D	$285	256,085.534	D
Common Stock	11/11/2025		S		1,000	D	$286	255,085.534	D
Common Stock								1,710.706	I	401(k) Plan
Common Stock								2,256	I	Held By Spouse(2)
Common Stock								250	I	In Trust For Stepson(2)

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)	$139.83	11/07/2025		M			1,000	02/02/2024	02/02/2031	Common Stock	1,000	$0	8,000	D
Stock Options (Right to Buy)	$139.83	11/10/2025		M			2,000	02/02/2024	02/02/2031	Common Stock	2,000	$0	6,000	D
Stock Options (Right to Buy)	$139.83	11/11/2025		M			4,000	02/02/2024	02/02/2031	Common Stock	4,000	$0	2,000	D

Explanation of Responses:

1. Represents the weighted average sales price for increments ranging from $283.78 to $284.00. 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.

2. The Reporting Person disclaims beneficial ownership of these shares.

	/s/Wendy C. Skjerven, by power of attorney	11/12/2025
	** 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.