Travelers (TRV) vice chair logs stock award, tax withholding and 1,000-share sale

(Very High)

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Form Type

Rhea-AI Filing Summary

TRAVELERS COMPANIES, INC. Vice Chairman William H. Heyman reported several equity transactions in company stock. He received 10,078.466 shares of common stock on February 18, 2026 as a payout for performance share rights granted in 2023. To cover tax obligations, 5,574 shares were withheld at a price of $298.46 per share. On February 17, 2026, he exercised options for 1,000 shares at $172.50 per share and sold 1,000 shares in an open-market transaction at $300.00 per share. After these transactions, he directly held 259,590 shares of common stock, with additional indirect holdings through a 401(k) plan, his spouse, and a trust for his stepson, for some of which he disclaims beneficial ownership.

Insider Trade Summary

Exercise and Sale: 1,000 shares ($128K approx. pre-tax spread)

Exercise and Sale 8 txns

Insider HEYMAN WILLIAM H

Role Vice Chairman

Sold 1,000 shs ($300K)

Approx. gross sale proceeds $300K

Approx. exercise cost $173K

Approx. pre-tax spread $128K

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,078.466	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	5,574	$298.46	$1.66M
Exercise	Stock Options (Right to Buy)	1,000	$0.00	$0.00
Exercise	Common Stock	1,000	$172.50	$173K
Sale	Common Stock	1,000	$300.00	$300K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 2,000 shares (Direct); Common Stock — 259,590 shares (Direct); Common Stock — 1,716.895 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)

F1. Represents common stock paid out upon achievement of performance objectives contained in performance share rights granted in 2023.
F2. The Reporting Person disclaims beneficial ownership of these shares.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:12 PM

FAQ

What insider transactions did TRV Vice Chairman William H. Heyman report?

William H. Heyman reported a performance-based stock award, tax-withholding share dispositions, an option exercise, and an open-market sale of 1,000 shares. These transactions involve Travelers Companies common stock and are detailed with dates, share amounts, and prices in the Form 4 filing.

How many Travelers (TRV) shares were awarded to William H. Heyman?

He received 10,078.466 shares of Travelers common stock on February 18, 2026. The filing states this represented payout upon achieving performance objectives from performance share rights originally granted in 2023, effectively increasing his direct equity stake before tax-related share withholding.

What shares did William H. Heyman sell in the TRV Form 4 filing?

He sold 1,000 shares of Travelers common stock on February 17, 2026 at $300.00 per share. The filing labels this transaction as an open-market or private sale under code “S,” following an option exercise for the same number of shares.

How were taxes handled on William H. Heyman’s TRV stock award?

To satisfy tax obligations related to the performance share payout, 5,574 shares of Travelers common stock were withheld at $298.46 per share. The filing characterizes this as a tax-withholding disposition under transaction code “F,” rather than an open-market sale for investment purposes.

How many TRV shares does William H. Heyman own after these transactions?

Following the reported transactions, he directly held 259,590 shares of Travelers common stock. The filing also lists indirect holdings through a 401(k) plan, his spouse, and a trust for his stepson, and notes a disclaimer of beneficial ownership for certain indirectly held shares.

What option exercise did William H. Heyman report for Travelers (TRV)?

On February 17, 2026, he exercised stock options covering 1,000 shares of Travelers common stock at an exercise price of $172.50 per share. The resulting common shares were then part of his direct holdings before he sold 1,000 shares in the market.

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

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)
02/17/2026

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	02/17/2026		M		1,000	A	$172.5	256,085.534	D
Common Stock	02/17/2026		S		1,000	D	$300	255,085.534	D
Common Stock	02/18/2026		A⁽¹⁾		10,078.466	A	$0	265,164	D
Common Stock	02/18/2026		F		5,574	D	$298.46	259,590	D
Common Stock								1,716.895	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)
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)	$172.5	02/17/2026		M			1,000	02/08/2025	02/08/2032	Common Stock	1,000	$0	2,000	D

Explanation of Responses:

1. Represents common stock paid out upon achievement of performance objectives contained in performance share rights granted in 2023.

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

	/s/Wendy C. Skjerven, by power of attorney	02/19/2026
	** 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