Travelers (NYSE: TRV) risk chief Olivo exercises options and sells 10,400 shares

Rhea-AI Filing Summary

Travelers Companies executive Maria Olivo reported an option exercise and share sale. On February 6, 2026, she exercised 10,400 stock options at $118.78 per share, acquiring the same number of Travelers common shares.

The same day, she sold 10,400 common shares at a weighted average price of $300.7531, with actual prices ranging from $300.72 to $300.87. After these transactions, she directly held 117,596.149 common shares and indirectly held 341.736 shares through a 401(k) plan.

Insider Trade Summary

Exercise and Sale: 10,400 shares ($1.89M approx. pre-tax spread)

Exercise and Sale 4 txns

Insider OLIVO MARIA

Role EVP, ERM & Chief Risk Officer

Sold 10,400 shs ($3.13M)

Approx. gross sale proceeds $3.13M

Approx. exercise cost $1.24M

Approx. pre-tax spread $1.89M

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	10,400	$0.00	$0.00
Exercise	Common Stock	10,400	$118.78	$1.24M
Sale	Common Stock	10,400	$300.7531	$3.13M
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 10,400 shares (Direct); Common Stock — 117,596.149 shares (Direct); Common Stock — 341.736 shares (Indirect, 401(k) Plan)

Footnotes (1)

1. F1. Represents the weighted average sales price for price increments ranging from $300.72 to $300.87. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/09/2026 - 04:28 PM Learn about SEC filing dates

FAQ

What insider transaction did Maria Olivo report at Travelers (TRV)?

Maria Olivo reported exercising 10,400 stock options and selling 10,400 Travelers common shares on February 6, 2026. These moves converted options into stock and then monetized those shares while leaving a sizable remaining direct ownership position.

At what prices did Maria Olivo exercise and sell Travelers (TRV) shares?

She exercised 10,400 stock options at $118.78 per share, then sold 10,400 common shares at a weighted average price of $300.7531. The sale prices ranged from $300.72 to $300.87, according to the filing footnote.

How many Travelers (TRV) shares does Maria Olivo own after the reported trades?

After the transactions, Maria Olivo directly owned 117,596.149 Travelers common shares. She also indirectly held 341.736 additional shares through a 401(k) plan, as shown in the beneficial ownership table.

What do the option transactions in Maria Olivo’s Travelers (TRV) Form 4 represent?

The filing shows 10,400 stock options with a $118.78 exercise price being exercised into 10,400 common shares. The options were originally granted in 2020 and are set to expire in 2027, reflecting long-term equity compensation.

What does the weighted average sale price disclosure mean in this TRV Form 4?

The weighted average sale price of $300.7531 reflects multiple trades between $300.72 and $300.87. The filing notes that detailed trade-by-trade pricing is available upon request from regulators, the issuer, or its security holders.

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^*

OLIVO MARIA

(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)
	EVP, ERM & Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/06/2026		M		10,400	A	$118.78	127,996.149	D
Common Stock	02/06/2026		S		10,400	D	$300.7531(1)	117,596.149	D
Common Stock								341.736	I	401(k) Plan

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)	$118.78	02/06/2026		M			10,400	02/09/2020	02/09/2027	Common Stock	10,400	$0	10,400	D

Explanation of Responses:

1. Represents the weighted average sales price for price increments ranging from $300.72 to $300.87. 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.

	/s/Wendy C. Skjerven, by power of attorney	02/09/2026
	** 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.
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