Travelers (NYSE: TRV) vice chair trims stake after option exercise
Rhea-AI Filing Summary
Travelers Companies Vice Chairman William H. Heyman exercised stock options and sold shares of common stock. He exercised 1,557 shares from stock options at $189.01 per share, then sold 1,000 shares at $311.00 and 557 shares at $310.00 in open-market transactions on the same date. After these moves, he directly holds 259,590 shares of Travelers common stock. Additional indirect holdings include shares held in a trust for his stepson, by his spouse, and in a 401(k) plan, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,557 shares ($189K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
HEYMAN WILLIAM H
Role
Vice Chairman
Sold
1,557 shs ($484K)
Approx. gross sale proceeds
$484K
Approx. exercise cost
$294K
Approx. pre-tax spread
$189K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 1,557 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,557 | $189.01 | $294K |
| Sale | Common Stock | 557 | $310.00 | $173K |
| Sale | Common Stock | 1,000 | $311.00 | $311K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 8,000 shares (Direct);
Common Stock — 259,590 shares (Direct);
Common Stock — 1,723.32 shares (Indirect, 401(k) Plan);
Common Stock — 2,256 shares (Indirect, Held By Spouse);
Common Stock — 250 shares (Indirect, In Trust For Stepson)
Footnotes (1)
- F1. The Reporting Person disclaims beneficial ownership of these shares.
Key Figures
Open-market sale 1: 1,000 shares at $311.00
Open-market sale 2: 557 shares at $310.00
Options exercised: 1,557 shares at $189.01
+5 more
8 metrics
Open-market sale 1
1,000 shares at $311.00
Common Stock sale on April 28, 2026
Open-market sale 2
557 shares at $310.00
Common Stock sale on April 28, 2026
Options exercised
1,557 shares at $189.01
Stock option exercise into Common Stock
Direct holdings after transactions
259,590 shares
Common Stock directly owned following April 28, 2026 trades
Trust for stepson
250 shares
Indirect Common Stock holdings in trust for stepson
Spouse holdings
2,256 shares
Indirect Common Stock held by spouse
401(k) holdings
1,723.32 shares
Indirect Common Stock in 401(k) plan
Remaining stock options
8,000 options at $189.01
Stock Options (Right to Buy) after exercise, expiring February 7, 2033
Key Terms
open-market sale, Stock Options (Right to Buy), 401(k) Plan, indirect ownership, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
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
"security_title: "Stock Options (Right to Buy)""
401(k) Plan financial
"nature_of_ownership: "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.
indirect ownership financial
""ownership_type": "indirect""
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
