Form 4: Travel + Leisure Director's Stock Activity

Travel + Leisure Co. Director James E. Buckman reported changes in his beneficial ownership, including the acquisition of deferred stock units and disposition of common stock.

Summary

• James E. Buckman, a Director of Travel & Leisure Co. (TNL), reported changes in his beneficial ownership of common stock.
• On December 31, 2025, Mr. Buckman acquired 1,039 deferred stock units at a price of $0, issued for dividends. Each unit entitles him to receive one share of common stock following his retirement or termination of service from the Board of Directors.
• On the same date, he disposed of 1,955 previously reported restricted stock units.
• He also disposed of 6,998 previously reported shares of common stock.
• Following these transactions, Mr. Buckman beneficially owns 128,474 shares of common stock, which includes previously reported deferred stock units.

Sentiment

Score: 5

Explanation: This is a routine Form 4 filing reporting insider transactions, which typically has a neutral sentiment unless the transactions are unusually large or indicative of a significant change in insider confidence. The reported transactions include both acquisitions (dividends) and dispositions, balancing the activity.

Positives

• Acquisition of 1,039 deferred stock units as dividends, indicating continued equity participation and alignment with shareholder interests. These units convert to common stock upon retirement or termination.

Negatives

• Disposition of 1,955 previously reported restricted stock units.
• Disposition of 6,998 previously reported shares of common stock.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minor impact, as it is a routine disclosure of a director's stock activity. The acquisition of deferred stock units for dividends aligns the director's interests with long-term shareholder value.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

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