Form 4: Travel & Leisure Co. Director Michael H. Wargotz Reports Changes in Beneficial Ownership

Director Michael H. Wargotz reports acquisition of deferred stock units and updates on existing holdings of common stock and restricted stock units in Travel & Leisure Co.

Summary

• Michael H. Wargotz, a director of Travel & Leisure Co., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On October 24, 2024, Wargotz acquired 1,221 deferred stock units as dividends.
• These deferred stock units will convert to common stock upon his retirement or termination of service from the Board of Directors.
• Following the reported transactions, Wargotz beneficially owns 113,684 shares of common stock, which includes previously reported deferred stock units.
• He also holds 6,352 previously reported restricted stock units and 722 previously reported shares of common stock.

Sentiment

Score: 5

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

Future Outlook

The deferred stock units will be converted into common stock upon Wargotz's retirement or termination of service from the Board of Directors.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their holdings and transactions in the company's stock. It allows investors to track the actions of key individuals within the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• It does not directly impact employees, customers, suppliers, or creditors.

Key Dates