[Form 4] TRAVELERS COMPANIES, INC. Insider Trading Activity

Rhea-AI Filing Summary

The Travelers Companies, Inc. (TRV)11/25/2025, the executive exercised stock options to acquire 4,000 shares of common stock at an exercise price of $172.50 per share (coded as an "M" transaction). On the same date, the executive sold 2,000 shares at a weighted average price of $293.505 per share, 1,000 shares at $295, and 1,000 shares at $296 (all coded as "S" for sales).

After these transactions, the executive directly beneficially owned 255,085.534 shares of Travelers common stock. Additional indirect holdings included 1,710.706 shares in a 401(k) plan, 2,256 shares held by a spouse, and 250 shares held in trust for a stepson, with the executive disclaiming beneficial ownership of the spouse and trust shares.

11/26/2025 - 04:04 PM

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^*

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)
11/25/2025

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	11/25/2025		M		4,000	A	$172.5	259,085.534	D
Common Stock	11/25/2025		S		2,000	D	$293.505(1)	257,085.534	D
Common Stock	11/25/2025		S		1,000	D	$295	256,085.534	D
Common Stock	11/25/2025		S		1,000	D	$296	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)	$172.5	11/25/2025		M			4,000	02/08/2025	02/08/2032	Common Stock	4,000	$0	9,000	D

Explanation of Responses:

1. Represents the weighted average sales price for increments ranging from $293.01 to $294.00. 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	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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