Form 4: Travel & Leisure Co. Director Michael H. Wargotz Reports Acquisition of Deferred Stock Units

Director Michael H. Wargotz reports the acquisition of deferred stock units and changes in beneficial ownership of Travel & Leisure Co. stock.

Summary

• On March 5, 2025, Michael H. Wargotz, a director of Travel & Leisure Co., acquired 4,790 deferred stock units.
• These units were issued for retainer fees and the annual equity grant.
• Each unit entitles Wargotz to one share of common stock upon retirement or termination of service from the Board of Directors.
• Following the transaction, Wargotz beneficially owns 119,600 shares of common stock, including previously reported deferred stock units, restricted stock units, and shares of common stock.
• The report also mentions previously reported restricted stock units (6,352) and shares of common stock (722).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and insider confidence through stock ownership.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The director's continued holding of a significant number of shares (119,600) indicates confidence in the company.

Future Outlook

The deferred stock units will convert to common stock upon the director's retirement or termination of service.

Industry Context

Directors receiving stock-based compensation is a common practice in publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Stock grants to board members are a typical component of compensation packages in publicly traded companies like Travel & Leisure Co.
• Comparable companies such as Marriott International and Hilton Worldwide also utilize stock options and restricted stock units as part of their director compensation plans.
• The specific number of shares granted varies based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
• Employees may view the stock grant as a positive sign of company stability and growth.

Key Dates