Travelers EVP exercises options, sells 10K shares
TRAVELERS COMPANIES, INC. executive Michael Frederick Klein, EVP & President, Personal Insurance, reported option exercises and same-day share sales in common stock.
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Form Type
4
Rhea-AI Filing Summary
TRAVELERS COMPANIES, INC. executive Michael Frederick Klein, EVP & President, Personal Insurance, reported option exercises and same-day share sales in common stock. He exercised stock options covering 10,000 shares at an exercise price of $132.58 per share, converting them into common stock.
On the same date, he sold 3,270 shares at an average price of $304.3846 and 6,730 shares at an average price of $303.47 in open-market transactions, totaling 10,000 shares sold. After these transactions, he directly owned 45,124.787 shares of common stock and indirectly held 1,888.708 shares through a 401(k) plan.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($1.71M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Klein Michael Frederick
Role
EVP & President, Personal Ins.
Sold
10,000 shs ($3.04M)
Approx. gross sale proceeds
$3.04M
Approx. exercise cost
$1.33M
Approx. pre-tax spread
$1.71M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $132.58 | $1.33M |
| Sale | Common Stock | 6,730 | $303.47 | $2.04M |
| Sale | Common Stock | 3,270 | $304.3846 | $995K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 10,000 contracts (Direct);
Common Stock — 45,124.787 shares (Direct);
Common Stock — 1,888.708 shares (Indirect, 401(k) Plan)
Footnotes (2)
- F1. Represents the weighted average sales price for price increments ranging from $303.10 to $303.87. 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.
- F2. Represents the weighted average sales price for price increments ranging from $304.11 to $304.65. 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
Shares sold (first block): 3,270 shares at $304.3846
Shares sold (second block): 6,730 shares at $303.47
Options exercised: 10,000 shares at $132.58
+4 more
7 metrics
Shares sold (first block)
3,270 shares at $304.3846
Open-market sale of common stock on April 20, 2026
Shares sold (second block)
6,730 shares at $303.47
Open-market sale of common stock on April 20, 2026
Options exercised
10,000 shares at $132.58
Exercise of stock options into common stock
Direct holdings after transactions
45,124.787 shares
Common stock directly owned after April 20, 2026 trades
Indirect 401(k) holdings
1,888.708 shares
Common stock held through 401(k) plan after transactions
Net buy/sell shares
10,000 shares net-sell
Transaction summary net buy/sell direction
Option expiration date
February 4, 2030
Expiration of exercised stock options
Key Terms
open-market sale, Stock Options (Right to Buy), weighted average sales price, 401(k) Plan, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
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)" in derivative transaction"
weighted average sales price financial
"Represents the weighted average sales price for price increments"
401(k) Plan financial
"nature_of_ownership: "401(k) Plan" for indirect holdings"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for option exercise"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TRV executive Michael Frederick Klein report?
Michael Frederick Klein exercised options for 10,000 TRV common shares at $132.58 each, then sold 10,000 shares in open-market trades. The filing shows an exercise-and-sell pattern rather than a net increase in share ownership.
What stock options did Michael Klein exercise in this TRV Form 4?
He exercised stock options (right to buy) covering 10,000 TRV common shares at a conversion price of $132.58 per share. These options were originally exercisable from February 4, 2023 and had an expiration date of February 4, 2030.
Is the TRV insider activity a net buy or net sell for Michael Klein?
The transactions represent a net sale. Klein exercised options for 10,000 TRV shares and sold 10,000 shares in open-market trades, with the transaction summary characterizing the overall activity as net-sell based on share counts reported.
How does the Form 4 describe pricing details for Michael Klein’s TRV sales?
Footnotes state that each sale line reflects a weighted-average sales price over specific price ranges. Klein undertakes to provide full information on the number of shares sold at each separate price upon request from regulators, the issuer, or security holders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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