Travelers CFO exercises options and sells shares
Travelers Companies, Inc. EVP & Chief Financial Officer Daniel S. Frey reported option-related trades on July 21, 2026.
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Form Type
4
Rhea-AI Filing Summary
Travelers Companies, Inc. EVP & Chief Financial Officer Daniel S. Frey reported option-related trades on July 21, 2026. He exercised stock options for a total of 14,037 shares of common stock at strike prices of $139.83 and $172.50 per share, acquired the underlying shares, and sold 11,037 shares at a weighted-average price of $368.1641 (range $368.11–$368.45) and 3,000 shares at $368.5250 in open market or private transactions.
Insider Trade Summary
Exercise and Sale: 14,037 shares ($3.11M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Frey Daniel S.
Role
EVP & Chief Financial Officer
Sold
14,037 shs ($5.17M)
Approx. gross sale proceeds
$5.17M
Approx. exercise cost
$2.06M
Approx. pre-tax spread
$3.11M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 11,037 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,037 | $139.83 | $1.54M |
| Sale | Common Stock F1 | 11,037 | $368.1641 | $4.06M |
| Exercise | Common Stock | 3,000 | $172.50 | $518K |
| Sale | Common Stock | 3,000 | $368.525 | $1.11M |
Holdings After Transaction:
Stock Options (Right to Buy) — 22,205 contracts (Direct);
Common Stock — 27,534.948 shares (Direct)
Footnotes (1)
- F1. Represents the weighted average sales price for increments ranging from $368.11 to $368.45. 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 tranche): 11,037 shares
Weighted-average sale price (first tranche): $368.1641 per share
Shares sold (second tranche): 3,000 shares
+4 more
7 metrics
Shares sold (first tranche)
11,037 shares
Common stock sale on July 21, 2026 in open market or private transaction
Weighted-average sale price (first tranche)
$368.1641 per share
Weighted average for prices ranging from $368.11 to $368.45
Shares sold (second tranche)
3,000 shares
Common stock sale on July 21, 2026 in open market or private transaction
Sale price (second tranche)
$368.5250 per share
Price per share for 3,000-share sale on July 21, 2026
Options exercised (first grant)
11,037 shares at $139.83
Stock options (Right to Buy) exercised into common stock
Options exercised (second grant)
3,000 shares at $172.50
Stock options (Right to Buy) exercised into common stock
Total shares sold
14,037 shares
Net shares sold per transaction summary for July 21, 2026
Key Terms
Stock Options (Right to Buy), derivative security, weighted average sales price, open market or private transaction
4 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sales price financial
"Represents the weighted average sales price for increments ranging"
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TRV CFO Daniel S. Frey report in this Form 4?
Daniel S. Frey, CFO of Travelers Companies (TRV), reported exercising stock options for 14,037 shares and selling the resulting common stock on July 21, 2026 in open market or private transactions at prices around $368 per share.
How many stock options did TRV’s CFO exercise in this transaction?
He exercised stock options covering a total of 14,037 shares of Travelers common stock, including 11,037 options with a strike price of $139.83 and 3,000 options with a strike price of $172.50, then sold the acquired shares.
Were the Travelers (TRV) CFO’s sales tied to option exercises?
Yes. The Form 4 shows that Daniel S. Frey exercised stock options for 14,037 shares at strike prices of $139.83 and $172.50, and on the same date sold all 14,037 resulting shares in open market or private transactions.
Did the TRV Form 4 indicate the CFO used a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the only footnote provided relates to the weighted average sales price. It does not state that these trades were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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