Travelers (TRV) insider trades 5,000 shares after option exercise

Rhea-AI Filing Summary

The Travelers Companies, Inc. (TRV) executive vice president and Co-Chief Investment Officer reported an equity transaction. On 11/21/2025, the insider exercised 5,000 stock options at an exercise price of $126.18 per share, acquiring common stock. That same day, the insider sold 5,000 shares of common stock at a weighted average price of $290.5698 per share, as noted in the footnotes.

After these transactions, the insider beneficially owned 22,562.385 shares of TRV common stock directly at one point following the option exercise, with the Form 4 showing 17,562.385 shares directly owned after the reported sale. Additional indirect holdings include 5,860.345 shares in a 401(k) plan and 9,986 shares held in trust, indicating continued significant ownership alignment with shareholders.

Insider Trade Summary

Exercise and Sale: 5,000 shares ($822K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Rowland David Donnay

Role EVP & Co-Chief Invest. Officer

Sold 5,000 shs ($1.45M)

Approx. gross sale proceeds $1.45M

Approx. exercise cost $631K

Approx. pre-tax spread $822K

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	5,000	$0.00	$0.00
Exercise	Common Stock	5,000	$126.18	$631K
Sale	Common Stock	5,000	$290.5698	$1.45M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 4,731 shares (Direct); Common Stock — 17,562.385 shares (Direct); Common Stock — 5,860.345 shares (Indirect, 401(k) Plan); Common Stock — 9,986 shares (Indirect, In Trust)

Footnotes (2)

1. F1. Represents the weighted average sales price for increments ranging from $290.53 to $290.68. 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.
2. F2. This amount reflects the transfer of shares previously held indirectly by the Reporting Person. Such shares are now held directly.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/24/2025 - 04:10 PM Learn about SEC filing dates

FAQ

What insider transaction did TRV report on this Form 4?

The filing shows a TRV executive vice president and Co-Chief Investment Officer exercised 5,000 stock options and sold 5,000 shares of common stock on 11/21/2025.

At what prices did the TRV insider exercise and sell shares?

The insider exercised stock options at an exercise price of $126.18 per share and sold shares at a weighted average price of $290.5698 per share.

How many Travelers (TRV) shares does the insider own after the transaction?

After the reported transactions, the insider directly owned 17,562.385 shares of TRV common stock and indirectly held 5,860.345 shares in a 401(k) plan and 9,986 shares in trust.

What derivative securities were involved in the TRV Form 4?

The transaction involved 5,000 stock options (right to buy) with an exercise price of $126.18 per share, originally exercisable from 02/05/2022 until 02/05/2029.

What does the weighted average sale price disclosure mean for TRV shares?

The filing notes that the $290.5698 sale price is a weighted average for trades between $290.53 and $290.68, and the insider will provide detailed trade breakdowns upon request.

Did the TRV insider’s beneficial ownership form change due to this filing?

Yes. A footnote explains that a reported amount reflects the transfer of shares previously held indirectly, and those shares are now held directly by the reporting person.

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^*

Rowland David Donnay

(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 & Co-Chief Invest. Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		M		5,000	A	$126.18	22,562.385	D
Common Stock	11/21/2025		S		5,000	D	$290.5698(1)	17,562.385(2)	D
Common Stock								5,860.345	I	401(k) Plan
Common Stock								9,986(2)	I	In Trust

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)	$126.18	11/21/2025		M			5,000	02/05/2022	02/05/2029	Common Stock	5,000	$0	4,731	D

Explanation of Responses:

1. Represents the weighted average sales price for increments ranging from $290.53 to $290.68. 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.

2. This amount reflects the transfer of shares previously held indirectly by the Reporting Person. Such shares are now held directly.

	/s/Wendy C. Skjerven, by power of attorney	11/24/2025
	** 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.