Form 4: Travel + Leisure CHRO Sells Shares Under 10b5-1 Plan

Kimberly Marshall, Chief Human Resources Officer of Travel + Leisure Co., sold 16,500 shares of common stock for $65 per share under a Rule 10b5-1 plan.

Summary

• Kimberly Marshall, Chief Human Resources Officer of Travel + Leisure Co. (TNL), reported a sale of common stock.
• The transaction involved 16,500 shares of common stock.
• The shares were sold at a price of $65 per share.
• The sale occurred on October 22, 2025.
• This transaction was executed pursuant to a Rule 10b5-1 plan adopted on December 17, 2024.
• Following the sale, Marshall beneficially owns 40,236 shares of common stock and 56,122 restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale executed under a pre-arranged Rule 10b5-1 plan, which typically indicates a planned liquidity event rather than a change in sentiment about the company's future prospects. Therefore, it is considered neutral.

Industry Context

This is an individual insider transaction and does not directly relate to broader industry trends or competitors, beyond reflecting a planned liquidity event for a senior executive.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan is generally not expected to have a significant impact on shareholder sentiment or the company's stock price, as it is a pre-scheduled event.

Key Dates

Keywords

Travel + Leisure Co., TNL, Insider Trading, Form 4, Stock Sale, Kimberly Marshall, Chief Human Resources Officer, 10b5-1 Plan