Form 4: Travel & Leisure Co. Executive Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Thomas Michael Duncan, SVP and Chief Accounting Officer of Travel & Leisure Co., reports acquisition and disposal of common stock related to vesting of restricted stock units and performance share units.
Summary
- On March 10, 2024, Thomas Michael Duncan, SVP, Chief Accounting Officer of Travel & Leisure Co., acquired 5,204 shares of common stock upon the vesting of previously-granted restricted stock units and performance share units at $0.
- On the same day, 1,267 shares of common stock were disposed of at $45.24 to cover tax liabilities associated with the vesting of these units.
- Following these transactions, Duncan directly owns 22,402 shares of common stock and 10,657 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of stock acquisition and disposal due to vesting of restricted stock units and performance share units. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
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