Travelers CEO Alan Schnitzer sells 88,900 shares

Five common-stock sale records include a 44,879-share transaction at a weighted-average price of $397.6139 per share.

Rhea-AI Filing Summary

Travelers Companies, Inc. (TRV) Chairman and CEO Alan D. Schnitzer exercised options to acquire 298,368 common shares on October 21, 2026, at an exercise price of $132.58 per share. The same transaction records 298,368 options disposed and 0 options following the transaction.

A further transaction records 209,468 shares delivered or withheld for payment of exercise price or tax liability. Schnitzer sold 88,900 shares in five transactions: 12,901 at a weighted-average $394.7965 per share, 12,369 at $395.5968, 15,759 at $396.6509, 44,879 at $397.6139, and 2,992 at $398.2050. No Rule 10b5-1 plan is reported. A separate entry lists 11,091 shares held indirectly by his spouse; Schnitzer disclaims beneficial ownership of those securities.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 9 txns

Insider Schnitzer Alan D

Role Chairman and CEO

Sold 88,900 shs ($35.27M)

Approx. gross sale proceeds $35.27M

Approx. exercise cost $39.56M

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	298,368	$0.00	$0.00
Exercise	Common Stock	298,368	$132.58	$39.56M
Exercise Price or Tax Liability	Common Stock	209,468	$397.62	$83.29M
Sale	Common Stock F1	12,901	$394.7965	$5.09M
Sale	Common Stock F2	12,369	$395.5968	$4.89M
Sale	Common Stock F3	15,759	$396.6509	$6.25M
Sale	Common Stock F4	44,879	$397.6139	$17.84M
Sale	Common Stock	2,992	$398.205	$1.19M
holding	Common Stock F5	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 0 contracts (Direct); Common Stock — 303,124.499 shares (Direct); Common Stock — 11,091 shares (Indirect, By Spouse)

Footnotes (5)

1. F1. Represents the weighted average sales price for price increments ranging from $394.12 to $395.115. 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.
2. F2. Represents the weighted average sales price for price increments ranging from $395.12 to $396.09. 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.
3. F3. Represents the weighted average sales price for price increments ranging from $396.12 to $397.115. 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.
4. F4. Represents the weighted average sales price for price increments ranging from $397.12 to $398.09. 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.
5. F5. The Reporting Person disclaims beneficial ownership of these securities.

Key Figures

Options exercised: 298,368 options Exercise price: $132.58 per share Common shares acquired: 298,368 shares +4 more

7 metrics

Options exercised 298,368 options October 21, 2026

Exercise price $132.58 per share Options exercised on October 21, 2026

Common shares acquired 298,368 shares Upon option exercise on October 21, 2026

Options following transaction 0 options After the October 21, 2026 transaction

Shares delivered or withheld 209,468 shares For payment of exercise price or tax liability

Common shares sold 88,900 shares Five transactions on October 21, 2026

Shares held indirectly by spouse 11,091 shares Separate holding entry; Schnitzer disclaims beneficial ownership

Key Terms

Stock Options (Right to Buy), weighted average sales price, exercise price, beneficial ownership

4 terms

Stock Options (Right to Buy) financial

"Stock Options (Right to Buy)"

weighted average sales price financial

"weighted average sales price for price increments"

exercise price financial

"at an exercise price of $132.58 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

beneficial ownership regulatory

"disclaims beneficial ownership of these securities"

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.

FAQ

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

How many TRV shares did Alan D. Schnitzer sell, and at what prices?

On October 21, 2026, Schnitzer sold 12,901 shares at a weighted-average $394.7965 per share, 12,369 at a weighted-average $395.5968, 15,759 at a weighted-average $396.6509, 44,879 at a weighted-average $397.6139, and 2,992 at $398.2050 per share. No Rule 10b5-1 plan is reported.

What happened to Alan D. Schnitzer’s TRV stock options?

On October 21, 2026, Schnitzer exercised options to acquire 298,368 common shares at an exercise price of $132.58 per share. The transaction records 298,368 options disposed and 0 options following the transaction.

How many TRV shares were delivered or withheld in the exercise-related transaction?

The transaction records 209,468 shares delivered or withheld for payment of exercise price or tax liability.

How many TRV shares were listed as held by Schnitzer’s spouse?

A separate indirect holding entry lists 11,091 common shares held by Schnitzer’s spouse. Schnitzer disclaims beneficial ownership of those securities.

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

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Available on EDGAR 10/23/2026 - 04:10 PM EDT Accepted by SEC EDGAR 10/23/2026 - 04:10 PM EDT 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^*

Schnitzer Alan D

(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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/21/2026

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	10/21/2026		M		298,368	A	$132.58	601,492.499	D
Common Stock	10/21/2026		F		209,468	D	$397.62	392,024.499	D
Common Stock	10/21/2026		S		12,901	D	$394.7965(1)	379,123.499	D
Common Stock	10/21/2026		S		12,369	D	$395.5968(2)	366,754.499	D
Common Stock	10/21/2026		S		15,759	D	$396.6509(3)	350,995.499	D
Common Stock	10/21/2026		S		44,879	D	$397.6139(4)	306,116.499	D
Common Stock	10/21/2026		S		2,992	D	$398.205	303,124.499	D
Common Stock								11,091	I	By Spouse(5)

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)	$132.58	10/21/2026		M			298,368	02/04/2023	02/04/2030	Common Stock	298,368	$0	0	D

Explanation of Responses:

1. Represents the weighted average sales price for price increments ranging from $394.12 to $395.115. 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.

2. Represents the weighted average sales price for price increments ranging from $395.12 to $396.09. 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.

3. Represents the weighted average sales price for price increments ranging from $396.12 to $397.115. 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.

4. Represents the weighted average sales price for price increments ranging from $397.12 to $398.09. 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.

5. The Reporting Person disclaims beneficial ownership of these securities.

	/s/Wendy C. Skjerven, by power of attorney	10/23/2026
	** 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)