Form 4: Travel & Leisure Director Reports Stock Activity

Travel & Leisure Co. Director James E. Buckman reported an acquisition of deferred stock units and disposition of common stock and restricted stock units.

Summary

• James E. Buckman, a Director of Travel & Leisure Co. (TNL), reported changes in his beneficial ownership.
• Acquired 1,189 deferred stock units on September 30, 2025, issued for dividends, with a price of $0.
• Each deferred stock unit entitles the reporting person to receive one share of common stock following retirement or termination of service from the Board of Directors.
• Disposed of 6,998 previously reported shares of common stock.
• Disposed of 1,955 previously reported restricted stock units.
• Following these transactions, Mr. Buckman beneficially owns 127,435 securities, which include previously reported deferred stock units.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions, showing both an acquisition of deferred stock units (dividend reinvestment) and dispositions of common stock and restricted stock units. There is no information to suggest a strong positive or negative sentiment regarding the company's performance or outlook.

Positives

• Acquisition of 1,189 deferred stock units, representing dividend reinvestment, indicates continued long-term interest in the company's performance.

Negatives

• Disposition of 6,998 shares of common stock and 1,955 restricted stock units, which reduces direct equity exposure.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a director's equity holdings and transactions, which is standard for corporate governance.

Key Dates

Keywords

Travel & Leisure Co., TNL, James E. Buckman, Director, Insider Trading, Form 4, Deferred Stock Units, Common Stock, Restricted Stock Units, Beneficial Ownership