Form 4: Travel + Leisure Co. Director George Herrera Reports Routine Insider Stock Transactions
Insider Transaction Report
Travel + Leisure Co. Director George Herrera reported the acquisition of 488 deferred stock units for dividends and the disposition of 4,714 shares of common stock and restricted stock units, resulting in a beneficial ownership of 45,539 shares.
Summary
- George Herrera, a Director at Travel + Leisure Co. (TNL), reported changes in his beneficial ownership of the company's common stock.
- On June 30, 2025, Herrera acquired 488 deferred stock units, which were issued for dividends. Each unit grants the right to receive one share of common stock following his retirement or termination of service from the Board of Directors.
- On the same date, Herrera disposed of 2,759 previously reported shares of common stock.
- Additionally, 1,955 previously reported restricted stock units were disposed of.
- Following these transactions, George Herrera's beneficial ownership stands at 45,539 shares of common stock, which includes previously reported deferred stock units.
Sentiment
Score: 5
Explanation: The transactions are a mix of acquisition (dividend reinvestment) and dispositions (likely vesting/tax related), which are common and generally expected insider activities, not indicating a strong positive or negative sentiment.
Positives
- Acquisition of 488 deferred stock units, indicating continued equity participation through dividend reinvestment.
Negatives
- Disposition of 2,759 previously reported common shares.
- Disposition of 1,955 previously reported restricted stock units.
Future Outlook
NA
Industry Context
This filing details specific insider stock transactions and does not provide broader industry context or trends.
Related Party Transactions
- Acquisition of 488 deferred stock units for dividends from Travel + Leisure Co.
- Disposition of 2,759 common shares and 1,955 restricted stock units of Travel + Leisure Co.
Stakeholder Impact
- Shareholders: Provides transparency on insider holdings and transactions, which can influence investor confidence. The net decrease in direct holdings might be viewed neutrally if related to vesting/tax, or slightly negatively if interpreted as a sale.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of earliest transaction, including acquisition of 488 deferred stock units and disposition of 2,759 common shares and 1,955 restricted stock units. |
| 07/02/2025 | Date the Form 4 was signed by the attorney-in-fact for George Herrera. |
Keywords
Travel + Leisure Co., TNL, George Herrera, SEC Form 4, insider trading, stock transactions, director, common stock, deferred stock units, restricted stock units, beneficial ownership
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