Form 4: Travel & Leisure Co. Director Ronald L. Rickles Reports Acquisition of Restricted and Deferred Stock Units

Director Ronald L. Rickles reports acquisition of restricted stock units and deferred stock units in Travel & Leisure Co.

Summary

• On March 13, 2024, Ronald L. Rickles, a director of Travel & Leisure Co., acquired 2,759 restricted stock units and 2,255 deferred stock units.
• The restricted stock units were granted under the company's Equity and Incentive Plan and will vest on March 15, 2025, contingent upon continuous service as a director.
• Each vested restricted stock unit entitles Rickles to one share of common stock.
• The deferred stock units were issued for retainer fees and each unit entitles Rickles to one share of common stock following retirement or termination of service from the Board of Directors.
• Following these transactions, Rickles beneficially owns 6,352 restricted stock units and 35,278 deferred 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.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The deferred stock units provide a form of compensation for board service.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and equity ownership.

Key Dates