Travelers (TRV) insider trades: 2,000 options exercised, stock sold

Rhea-AI Filing Summary

The Travelers Companies, Inc. (TRV) reported insider activity by its Vice Chairman on a Form 4. On 11/21/2025, the officer exercised 2,000 stock options at an exercise price of $172.50 per share and acquired the same number of common shares. That day, the officer also sold 1,000 shares at $291 and 1,000 shares at $292.

After these transactions, the officer directly owned 255,085.534 shares of Travelers common stock and held additional indirect interests, including shares in a 401(k) plan, shares held by a spouse, and shares held in trust for a stepson. The filing notes that the reporting person disclaims beneficial ownership of certain indirectly held shares.

Insider Trade Summary

Exercise and Sale: 2,000 shares ($238K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider HEYMAN WILLIAM H

Role Vice Chairman

Sold 2,000 shs ($583K)

Approx. gross sale proceeds $583K

Approx. exercise cost $345K

Approx. pre-tax spread $238K

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	2,000	$0.00	$0.00
Exercise	Common Stock	2,000	$172.50	$345K
Sale	Common Stock	1,000	$291.00	$291K
Sale	Common Stock	1,000	$292.00	$292K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 13,000 shares (Direct); Common Stock — 255,085.534 shares (Direct); Common Stock — 1,710.706 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)

1. F1. The Reporting Person disclaims beneficial ownership of these shares.

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider transaction did TRV disclose in this Form 4?

The Vice Chairman of The Travelers Companies, Inc. (TRV) exercised 2,000 stock options at $172.50 per share and sold 2,000 common shares on 11/21/2025.

At what prices did the TRV insider sell common stock?

On 11/21/2025, the Vice Chairman sold 1,000 TRV shares at $291 and another 1,000 shares at $292.

How many TRV shares does the Vice Chairman own after the reported transactions?

Following the reported trades, the Vice Chairman directly owned 255,085.534 shares of Travelers common stock, with additional indirect holdings through a 401(k) plan, a spouse, and a trust.

What happened to the TRV stock options in this filing?

The officer exercised 2,000 stock options (right to buy) at an exercise price of $172.50 per share, reducing the option position to 13,000 derivative securities beneficially owned.

Does the TRV insider claim beneficial ownership of all indirect holdings?

No. The filing states that the reporting person disclaims beneficial ownership of certain shares, including those held by a spouse and in trust for a stepson.

What is the relationship of the reporting person to TRV?

The reporting person is identified as an officer of The Travelers Companies, Inc., serving as Vice Chairman.

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^*

HEYMAN WILLIAM H

(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)
	Vice Chairman

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		2,000	A	$172.5	257,085.534	D
Common Stock	11/21/2025		S		1,000	D	$291	256,085.534	D
Common Stock	11/21/2025		S		1,000	D	$292	255,085.534	D
Common Stock								1,710.706	I	401(k) Plan
Common Stock								2,256	I	Held By Spouse(1)
Common Stock								250	I	In Trust For Stepson(1)

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)	$172.5	11/21/2025		M			2,000	02/08/2025	02/08/2032	Common Stock	2,000	$0	13,000	D

Explanation of Responses:

1. The Reporting Person disclaims beneficial ownership of these shares.

	/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.