Form 4: Travel & Leisure Co. Executive Kimberly Marshall Reports Stock Transactions
SEC Form 4 Filing
Kimberly Marshall, Chief Human Resources Officer at Travel & Leisure Co., reports acquisition and disposal of common stock related to vesting of restricted stock units and performance share units.
Summary
- Kimberly Marshall, the Chief Human Resources Officer of Travel & Leisure Co., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 10, 2025, Marshall acquired 22,150 shares of common stock upon the vesting of previously-granted restricted stock units and performance share units.
- On the same day, 7,062 shares were withheld to cover tax liabilities associated with the vesting.
- The price per share for the tax withholding was $51.03.
- Following these transactions, Marshall directly owns 69,745 shares of common stock and 61,878 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Acquisition of 22,150 shares of common stock due to vesting of restricted stock units and performance share units; disposal of 7,062 shares for tax liability. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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