Travelers (NYSE: TRV) CEO sells stock after major option exercise

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Form Type

Rhea-AI Filing Summary

Travelers Companies’ Chairman and CEO Alan D. Schnitzer reported multiple equity transactions in early February 2026. On February 4, 2026, he exercised 216,246 stock options at $126.18 per share, receiving the same number of common shares.

That day, Schnitzer had 160,513 shares withheld to cover obligations at $294.36 per share and sold additional common stock in three blocks: 26,509 shares at $294.1802, 23,078 shares at $295.0001, and 6,146 shares at $295.8154, based on weighted-average pricing ranges. After these trades, he directly owned 260,329.401 shares of Travelers common stock.

Separately, on February 3, 2026, Schnitzer was granted 88,389 stock options with an exercise price of $288.23, exercisable beginning February 3, 2029 and expiring February 3, 2036. The filing also notes 11,091 shares held indirectly by his spouse, for which he disclaims beneficial ownership.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 8 txns

Insider Schnitzer Alan D

Role Chairman and CEO

Sold 55,733 shs ($16.42M)

Approx. gross sale proceeds $16.42M

Approx. exercise cost $27.29M

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	216,246	$0.00	$0.00
Exercise	Common Stock	216,246	$126.18	$27.29M
Exercise Price or Tax Liability	Common Stock	160,513	$294.36	$47.25M
Sale	Common Stock	26,509	$294.1802	$7.80M
Sale	Common Stock	23,078	$295.0001	$6.81M
Sale	Common Stock	6,146	$295.8154	$1.82M
Grant/Award	Stock Options (Right to Buy)	88,389	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 88,389 shares (Direct); Common Stock — 260,329.401 shares (Direct); Common Stock — 11,091 shares (Indirect, By Spouse)

Footnotes (4)

F1. Represents the weighted average sales price for price increments ranging from $293.605 to $294.60. 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 for all transactions reported on this Form 4.
F2. Represents the weighted average sales price for price increments ranging from $294.605 to $295.60. 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 for all transactions reported on this Form 4.
F3. Represents the weighted average sales price for price increments ranging from $295.61 to $295.975. 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 for all transactions reported on this Form 4.
F4. The Reporting Person disclaims beneficial ownership of these securities.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/05/2026 - 04:21 PM

FAQ

What insider transactions did Travelers (TRV) CEO Alan Schnitzer report?

Alan Schnitzer reported exercising stock options and selling Travelers (TRV) shares. He exercised 216,246 options at $126.18, had 160,513 shares withheld, and sold three share blocks around $294–$296 per share, while retaining 260,329.401 shares directly.

How many Travelers (TRV) stock options did the CEO exercise and at what price?

On February 4, 2026, Alan Schnitzer exercised 216,246 Travelers (TRV) stock options. The options had an exercise price of $126.18 per share, converting into the same number of common shares as part of his equity compensation activity reported in the Form 4.

What new stock option grant did Travelers (TRV) CEO receive in February 2026?

On February 3, 2026, Alan Schnitzer received 88,389 Travelers (TRV) stock options. These options have an exercise price of $288.23 per share, become exercisable on February 3, 2029, and expire on February 3, 2036, according to the Form 4 disclosure.

How many Travelers (TRV) shares does the CEO own after these transactions?

Following the reported February 4, 2026 transactions, Alan Schnitzer directly owns 260,329.401 Travelers (TRV) common shares. The filing also notes 11,091 additional shares held indirectly by his spouse, for which he formally disclaims beneficial ownership.

At what prices did Travelers (TRV) CEO sell company stock?

On February 4, 2026, Alan Schnitzer sold Travelers (TRV) shares in three tranches. He sold 26,509 shares at $294.1802, 23,078 shares at $295.0001, and 6,146 shares at $295.8154, with weighted-average price ranges detailed in the Form 4 footnotes.

How are the Travelers (TRV) shares held by the CEO’s spouse treated in the filing?

The Form 4 reports 11,091 Travelers (TRV) shares held indirectly by Alan Schnitzer’s spouse. The filing explicitly states that the reporting person disclaims beneficial ownership of these securities, clarifying how those holdings are attributed for reporting purposes.

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^*

Schnitzer Alan D

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/04/2026		M		216,246	A	$126.18	476,575.401	D
Common Stock	02/04/2026		F		160,513	D	$294.36	316,062.401	D
Common Stock	02/04/2026		S		26,509	D	$294.1802⁽¹⁾	289,553.401	D
Common Stock	02/04/2026		S		23,078	D	$295.0001⁽²⁾	266,475.401	D
Common Stock	02/04/2026		S		6,146	D	$295.8154⁽³⁾	260,329.401	D
Common Stock								11,091	I	By Spouse⁽⁴⁾

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)	$288.23	02/03/2026		A		88,389		02/03/2029	02/03/2036	Common Stock	88,389	$0	88,389	D
Stock Options (Right to Buy)	$126.18	02/04/2026		M			216,246	02/05/2022	02/05/2029	Common Stock	216,246	$0	0	D

Explanation of Responses:

1. Represents the weighted average sales price for price increments ranging from $293.605 to $294.60. 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 for all transactions reported on this Form 4.

2. Represents the weighted average sales price for price increments ranging from $294.605 to $295.60. 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 for all transactions reported on this Form 4.

3. Represents the weighted average sales price for price increments ranging from $295.61 to $295.975. 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 for all transactions reported on this Form 4.

4. The Reporting Person disclaims beneficial ownership of these securities.

	/s/Wendy C. Skjerven, by power of attorney	02/05/2026
	** 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