4/A: Travel + Leisure Co. HR Chief Amends Stock Transaction Filing for Tax Withholding Correction

Kimberly Marshall, Chief Human Resources Officer of Travel + Leisure Co., filed an amended Form 4 to correct the transaction code for shares withheld to cover tax liabilities from vested equity awards.

Summary

• Kimberly Marshall, Chief Human Resources Officer of Travel + Leisure Co. (TNL), filed a Form 4/A amendment to a previously reported transaction.
• The amendment, filed on July 24, 2025, corrects the transaction code for a disposition of 4,953 shares of Common Stock from 'S' (Sale) to 'F' (Payment of tax liability by withholding securities).
• The original transaction occurred on March 10, 2024, and was initially reported in a Form 4 filed on March 12, 2024.
• On March 10, 2024, Marshall acquired 19,095 shares of Common Stock at a price of $0, resulting from the vesting of previously granted restricted stock units and performance share units.
• Concurrently, 4,953 shares were disposed of at a price of $45.24 per share to cover tax liabilities associated with the vesting of these units.
• Following these transactions, Marshall's direct beneficial ownership of Common Stock is 54,657 shares.

Sentiment

Score: 5

Explanation: The filing is neutral as it is a procedural amendment to correct a transaction code for a standard tax withholding event related to equity compensation.

Positives

• The acquisition of 19,095 shares of common stock indicates the vesting of previously granted restricted stock units and performance share units, representing a realization of equity compensation for the Chief Human Resources Officer.

Negatives

• No direct negatives are present in this filing, as it is an amendment to correct a transaction code for a standard tax withholding event.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine insider transaction amendment and does not provide insights into broader industry trends or competitive dynamics within the leisure and hospitality sector.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a technical correction to a previously reported insider transaction and does not reflect new trading activity or significant changes in beneficial ownership beyond what was already known.

Key Dates

Keywords

SEC filing, Form 4/A, insider transaction, stock amendment, tax withholding, restricted stock units, performance share units, equity compensation, Travel + Leisure Co., TNL, Kimberly Marshall