Form 4: Travel & Leisure Co. Director George Herrera Reports Changes in Beneficial Ownership

Director George Herrera reports acquisition of restricted stock units and common stock, along with adjustments to existing holdings.

Summary

• On March 13, 2024, George Herrera, a director of Travel & Leisure Co., reported changes in his beneficial ownership of the company's stock.
• Herrera acquired 2,759 restricted stock units under the company's Equity and Incentive Plan, vesting on March 15, 2025, contingent on continued service as a director.
• He also acquired 2,193 shares of common stock as retainer fees.
• Following these transactions, Herrera directly owns 42,687 deferred stock units, 6,352 restricted stock units, and 5,162 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions described are typical for director compensation and equity ownership. Therefore, the sentiment is neutral.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The acquisition of common stock as retainer fees further demonstrates the director's commitment to the company.

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 equity ownership of a key company director.

Key Dates