Form 4: Travel & Leisure Co. Director Lucinda Martinez Reports Changes in Beneficial Ownership

Director Lucinda Martinez reports acquisition of deferred stock units and updates on holdings of common stock and restricted stock units in Travel & Leisure Co.

Summary

• Lucinda Martinez, a director of Travel & Leisure Co., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• The report indicates the acquisition of deferred stock units as dividends on April 25, 2024, and July 25, 2024, each convertible to one share of common stock upon retirement or termination of service from the Board of Directors.
• The filing also updates the reporting person's holdings of common stock and restricted stock units.
• As of the report, Martinez directly owns 7,404 shares of restricted stock units and 11,109 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates