Form 4: Travel & Leisure Co. CFO Michael Hug Reports Stock Transactions
SEC Form 4 Filing
Michael Hug, CFO of Travel & Leisure Co., reports the acquisition and disposal of company stock related to vesting of restricted stock units and performance share units.
Summary
- On March 10, 2024, Michael Hug, the Chief Financial Officer of Travel & Leisure Co., acquired 45,726 shares of common stock due to the vesting of previously-granted restricted stock units and performance share units.
- On the same day, 15,900 shares of common stock were withheld to cover the tax liability associated with the vesting of these units at a price of $45.24 per share.
- Following these transactions, Hug directly owns 140,130 shares of common stock and 63,473 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CFO's stake in the company.
Stakeholder Impact
- The transactions reflect changes in the CFO's ownership stake in the company, which may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of stock acquisition and disposal due to vesting of restricted stock units and performance share units. |
| 03/12/2024 | Date of signature by Attorney-in-Fact for Michael Hug. |
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