Form 4: Travel & Leisure Co. Director Stephen P. Holmes Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Stephen P. Holmes reports acquisition of restricted stock units and deferred stock units in Travel & Leisure Co.
Summary
- On March 13, 2024, Stephen P. Holmes, a director of Travel & Leisure Co., reported changes in his beneficial ownership of the company's stock.
- He acquired 2,759 restricted stock units under the company's Equity and Incentive Plan, vesting on March 15, 2025, contingent upon his continued service as a director.
- He also acquired 2,814 deferred stock units issued for retainer fees, each entitling him to one share of common stock upon retirement or termination of service from the Board of Directors.
- Following these transactions, Holmes directly owns 442,947 shares of common stock, 6,352 restricted stock units, and 34,849 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The reporting person will receive one share of common stock for each vested restricted stock unit and each deferred stock unit upon retirement or termination of service.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's holdings and transactions.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: acquisition of restricted stock units and deferred stock units. |
| 03/14/2024 | Date of signature for the report. |
| 03/15/2025 | Vesting date for the restricted stock units. |
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