Travelers (NYSE: TRV) EVP nets 10,000-share sale after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRAVELERS COMPANIES, INC. executive Michael Frederick Klein, EVP & President, Personal Insurance, reported a mix of option exercise and share sales in Common Stock. He exercised 10,000 stock options at a price of $132.58 per share, converting them into an equal number of common shares.
On the same date, he completed open-market sales totaling 10,000 shares of Common Stock across three transactions: 1,519 shares at a weighted average of $308.792, 2,412 shares at $308.333, and 6,069 shares at $307.1003. After these transactions, he directly holds 49,055.787 shares of Common Stock and indirectly holds 1,888.345 shares through a 401(k) Plan.
Footnotes state that the sale prices are weighted averages over stated price ranges, and full price breakdowns are available upon request to the company or regulators.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($3,076,546)
Net Sell
6 txns
Insider
Klein Michael Frederick
Role
EVP & President, Personal Ins.
Sold
10,000 shs ($3.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $132.58 | $1.33M |
| Sale | Common Stock | 6,069 | $307.1003 | $1.86M |
| Sale | Common Stock | 2,412 | $308.333 | $744K |
| Sale | Common Stock | 1,519 | $308.792 | $469K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct, null);
Common Stock — 55,124.787 shares (Direct, null);
Common Stock — 1,888.345 shares (Indirect, 401(k) Plan)
Footnotes (1)
- Represents the weighted average sales price for price increments ranging from $306.645 to $307.530. 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. Represents the weighted average sales price for price increments ranging from $307.650 to $308.645. 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. Represents the weighted average sales price for price increments ranging from $308.660 to $308.965. 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.
Key Figures
Options exercised: 10,000 shares
Option exercise price: $132.58/share
Shares sold: 10,000 shares
+5 more
8 metrics
Options exercised
10,000 shares
Stock Options (Right to Buy) exercised at $132.58/share
Option exercise price
$132.58/share
Exercise of stock options into Common Stock
Shares sold
10,000 shares
Open-market sales of Common Stock on 2026-05-26
Sale price (weighted avg)
$307.1003/share
6,069-share block of Common Stock
Sale price (weighted avg)
$308.333/share
2,412-share block of Common Stock
Sale price (weighted avg)
$308.792/share
1,519-share block of Common Stock
Direct holdings after
49,055.787 shares
Common Stock directly owned after transactions
Indirect holdings after
1,888.345 shares
Common Stock held via 401(k) Plan
Key Terms
open-market sale, Stock Options (Right to Buy), weighted average sales price, 401(k) Plan
4 terms
open-market sale financial
"completed open-market sales totaling 10,000 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Options (Right to Buy) financial
"He exercised 10,000 stock options at a price of $132.58 per share"
weighted average sales price financial
"Footnotes state that the sale prices are weighted averages over stated price ranges"
401(k) Plan financial
"indirectly holds 1,888.345 shares through a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What did TRV executive Michael Frederick Klein report in this Form 4?
Michael Frederick Klein reported exercising 10,000 stock options and selling 10,000 shares of Travelers Common Stock. The filing shows how many shares were transacted, the prices involved, and his remaining direct and indirect shareholdings after the trades.
What options did Michael Klein exercise in the Travelers (TRV) Form 4?
Klein exercised stock options covering 10,000 shares of Travelers Common Stock at an exercise price of $132.58 per share. The options were reported as "Stock Options (Right to Buy)" and, after exercise, the derivative position shown in this filing was reduced to zero.
What does the Travelers (TRV) Form 4 say about weighted average sale prices?
The Form 4 explains that each reported sale price is a weighted average for trades within specific price ranges. It states Klein will provide full details on the number of shares sold at each separate price to regulators, the issuer, or any security holder upon request.