Form 4: Travel & Leisure Co. Executive Thomas Duncan Reports Acquisition of Restricted Stock Units

Thomas Michael Duncan, SVP and Chief Accounting Officer of Travel & Leisure Co., reports the acquisition of restricted stock units.

Summary

• On March 12, 2024, Thomas Michael Duncan, SVP, Chief Accounting Officer of Travel & Leisure Co., reported acquiring 4,149 restricted stock units.
• These units were granted under the company's Equity and Incentive Plan.
• The restricted stock units vest in four equal installments on the anniversaries of March 15, 2024, contingent upon continuous employment.
• Upon vesting, each unit will convert into one share of Travel & Leisure Co. common stock.
• Duncan also reported owning 14,806 previously reported shares of restricted stock units and 22,402 previously reported shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock unit grants.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued employment with the company.

Future Outlook

The reporting person will receive one share of common stock for each vested restricted stock unit on the anniversaries of March 15, 2024.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.

Key Dates