Form 4: Travel & Leisure Co. Director Michael H. Wargotz Reports Stock Transactions

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

Summary

• On March 10, 2024, Michael H. Wargotz, a director of Travel & Leisure Co., acquired 2,437 shares of common stock through deferred stock units and accrued dividends.
• These deferred stock units were issued upon the vesting of previously-granted restricted stock units.
• Each deferred stock unit entitles Wargotz to receive one share of common stock following retirement or termination of service from the Board of Directors.
• Following the transaction, Wargotz beneficially owns 107,826 shares of common stock, including previously reported deferred stock units.
• The report also mentions holdings of 3,593 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.

Key Dates