Travelers (TRV) director adds deferred common stock units in Form 4

Rhea-AI Filing Summary

The Travelers Companies, Inc. reported that one of its directors acquired deferred common stock units instead of cash fees. On 12/31/2025, the director received 159.45 deferred common stock units of Travelers common stock at a price of $290.06 per share, bringing the director’s total beneficial holding to 4,531.663 deferred common stock units.

According to the company’s Deferred Compensation Plan for Non-Employee Directors, these units will convert into shares of Travelers common stock on a one-for-one basis at distribution. Distribution occurs, at the director’s election, either in a lump sum or in annual installments. The filing also notes that the total includes 16.52 deferred common stock units acquired on December 31, 2025 through dividend reinvestment features of the directors’ compensation plans.

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

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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^*

Golden Russell G.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		A		159.45(1)	A	$290.06	4,531.663(2)	D

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

Explanation of Responses:

1. These are deferred common stock units received in lieu of cash compensation pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors. The deferred common stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.

2. Includes the deferred common stock units granted under one or more of the Company's directors' compensation plans. Also includes 16.52 deferred common stock units acquired on December 31, 2025 pursuant to the dividend reinvestment features of those plans, which will be distributed as described in footnote 1 above.

	/s/Wendy C. Skjerven, by power of attorney	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Travelers (TRV) disclose in this Form 4 filing?

The filing shows that a director of The Travelers Companies, Inc. acquired deferred common stock units of Travelers common stock instead of cash compensation under the company’s Deferred Compensation Plan for Non-Employee Directors.

How many Travelers (TRV) deferred stock units were acquired on December 31, 2025?

On 12/31/2025, the director acquired 159.45 deferred common stock units of Travelers common stock, including units received in lieu of cash compensation and 16.52 units from dividend reinvestment.

What is the total number of Travelers (TRV) deferred units held after this transaction?

After the reported transaction, the director beneficially owned a total of 4,531.663 deferred common stock units of The Travelers Companies, Inc.

At what price were the Travelers (TRV) units credited in this Form 4?

The deferred common stock units were credited at a price of $290.06 per share of Travelers common stock as shown in the non-derivative securities table.

How are Travelers (TRV) deferred common stock units settled in the future?

The deferred common stock units will be converted into shares of Travelers common stock on a one-for-one basis upon distribution, which occurs, at the director’s election, either in a lump sum or in annual installments under the company’s Deferred Compensation Plan for Non-Employee Directors.

Does this Travelers (TRV) Form 4 involve derivative securities?

The filing includes a table for derivative securities, but in the excerpt provided there are no specific derivative transactions listed; the detailed activity relates to deferred common stock units reported in the non-derivative securities table and described in the footnotes.