Form 4: Travel & Leisure Co. Executive Geoffrey Richards Reports Changes in Beneficial Ownership

Geoffrey Richards, Chief Operating Officer of Vacation Ownership at Travel & Leisure Co., reports the acquisition and disposal of common stock related to vesting of restricted stock units and performance share units.

Summary

• On March 10, 2025, Geoffrey Richards, COO of Vacation Ownership at Travel & Leisure Co., acquired 49,734 shares of common stock upon the vesting of restricted stock units and performance share units.
• On the same day, 18,182 shares were withheld to cover tax liabilities related to the vesting.
• The price per share for the tax withholding was $51.03.
• Following these transactions, Richards directly owns 110,666 shares of common stock and indirectly owns 36,113 shares through the Geoffrey S Richards Revocable Trust.
• Richards also directly owns 128,888 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document simply reports transactions related to executive compensation. The vesting of shares is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of restricted stock units and performance share units indicates that Richards has met certain performance criteria, which is a positive signal.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing indicates the vesting of previously granted equity awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.

Key Dates