Travelers director receives 140 deferred stock units

Travelers Companies director Russell G. Golden reported an award of 140.1 deferred common stock units on Company stock.

Rhea-AI Filing Summary

Travelers Companies director Russell G. Golden reported an award of 140.1 deferred common stock units on Company stock. These units were granted in lieu of cash compensation under the Deferred Compensation Plan for Non-Employee Directors at a reference value of $330.12 per share. The award increases his direct deferred unit holdings to 5,599.757, which also include 20.595 units acquired on June 30, 2026 through the plans’ dividend reinvestment features. The deferred units will convert into the same number of Travelers common shares upon distribution, which can occur in a lump sum or annual installments at the director’s election.

Insights

Equity compensation analyst

Routine director compensation via deferred stock units, not an open‑market trade.

Director Russell G. Golden received 140.1 deferred common stock units valued at $330.12 per unit in lieu of cash fees. This is standard equity-based compensation and not a discretionary market purchase or sale.

The filing notes a total of 5,599.757 deferred units, including 20.595 units added via dividend reinvestment on June 30, 2026. These units convert one-for-one into common shares at distribution, so the economic exposure is equivalent to owning the underlying stock, but timing of actual share delivery depends on the director’s elections.

Insider Trade Summary

Grant/Award: 140.1 shares

Grant/Award 1 txn

Insider Golden Russell G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	140.1	$330.12	$46K

Holdings After Transaction: Common Stock — 5,599.757 shares (Direct)

Footnotes (2)

1. F1. These are deferred common stock units received in lieu of cash compensation pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors. The deferred common stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.
2. F2. Includes the deferred common stock units granted under one or more of the Company's directors' compensation plans. Also includes 20.595 deferred common stock units acquired on June 30, 2026 pursuant to the dividend reinvestment features of those plans, which will be distributed as described in footnote 1 above.

Key Figures

Deferred units granted: 140.1 units Grant reference price: $330.12 per unit Total deferred units after grant: 5,599.757 units +1 more

4 metrics

Deferred units granted 140.1 units Non-employee director compensation grant on June 30, 2026

Grant reference price $330.12 per unit Value used for deferred common stock units

Total deferred units after grant 5,599.757 units Director’s direct deferred holdings following the transaction

Dividend reinvestment units 20.595 units Deferred units acquired via dividend reinvestment on June 30, 2026

Key Terms

Deferred Compensation Plan for Non-Employee Directors, deferred common stock units, dividend reinvestment features

3 terms

Deferred Compensation Plan for Non-Employee Directors financial

"pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors."

deferred common stock units financial

"These are deferred common stock units received in lieu of cash compensation"

Deferred common stock units are promises to deliver company shares or cash tied to the company’s stock value at a later date, typically used as part of employee or executive pay. Think of them like a paycheck you elect to receive in company stock at a future date; they can affect the number of shares outstanding and company expenses, so investors watch them for potential dilution and to understand management’s incentives.

dividend reinvestment features financial

"pursuant to the dividend reinvestment features of those plans"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TRAVELERS COMPANIES (TRV) report for Russell G. Golden?

Director Russell G. Golden received 140.1 deferred common stock units as compensation. These units are tied to Travelers common stock at $330.12 per unit and are part of the company’s non-employee director deferred compensation program.

Was the Russell G. Golden Form 4 transaction in TRV an open-market buy or sell?

The transaction was a grant of deferred common stock units, not an open-market buy or sell. Units were awarded in lieu of cash compensation under Travelers’ Deferred Compensation Plan for Non-Employee Directors.

How many Travelers deferred common stock units does Russell G. Golden hold after this Form 4?

After the reported grant, Russell G. Golden directly holds 5,599.757 deferred common stock units. This total includes 20.595 units acquired on June 30, 2026 through dividend reinvestment features in the directors’ compensation plans.

What are deferred common stock units in the Travelers (TRV) director plan?

Deferred common stock units are bookkeeping entries that mirror Travelers shares. Directors receive them instead of cash, and they convert one-for-one into common stock upon distribution, which may occur in a lump sum or annual installments at the director’s election.

How were dividends treated for Russell G. Golden’s TRV deferred stock units?

The plans include dividend reinvestment features, so dividend equivalents are credited as additional deferred units. On June 30, 2026, 20.595 extra deferred common stock units were acquired for Golden under these dividend reinvestment provisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 04:05 PM Learn about SEC filing dates

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^*

Golden Russell G.

(Last) (First) (Middle)

THE TRAVELERS COMPANIES, INC.

385 WASHINGTON STREET

(Street)

ST. PAUL MINNESOTA 55102

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A		140.1(1)	A	$330.12	5,599.757(2)	D

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

Explanation of Responses:

1. These are deferred common stock units received in lieu of cash compensation pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors. The deferred common stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.

2. Includes the deferred common stock units granted under one or more of the Company's directors' compensation plans. Also includes 20.595 deferred common stock units acquired on June 30, 2026 pursuant to the dividend reinvestment features of those plans, which will be distributed as described in footnote 1 above.

	/s/Wendy C. Skjerven, by power of attorney	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)