Form 4: Travel & Leisure Co. Director Denny Marie Post Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Denny Marie Post reports acquiring 2,438 deferred stock units and disposing of common stock and restricted stock units.
Summary
- On March 10, 2024, Denny Marie Post, a director of Travel & Leisure Co., acquired 2,438 deferred stock units.
- These units were issued upon the vesting of previously-granted restricted stock units and include accrued dividends.
- Each deferred stock unit entitles Post to one share of common stock following retirement or termination of service from the Board of Directors.
- Post also reports holdings of 24,110 deferred stock units, 9,977 shares of common stock, and 3,593 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of transaction: Acquisition of deferred stock units. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.