[Form 4] Travel + Leisure Co. Insider Trading Activity
Travel + Leisure Co. (TNL) 鈥� Form 4 insider transaction
Chief Human Resources Officer Kimberly Marshall reported the sale of 16,500 common shares on 07/23/2025 at a reported price of $60.00 per share, generating gross proceeds of roughly $0.99 million. The disposition was executed under a Rule 10b5-1 trading plan adopted on 12/17/2024, indicating the trade was pre-scheduled.
Following the transaction, Marshall鈥檚 direct holdings stand at 56,736 common shares. In addition, she continues to hold 56,122 previously reported restricted stock units. No derivative securities were exercised or disposed of in this filing, and no other officers or directors were involved.
The filing signals a moderate reduction (鈮�23% of pre-sale common share position) but leaves the insider with a substantial equity stake, limiting immediate governance or liquidity concerns.
Travel + Leisure Co. (TNL) 鈥� Transazione interna Form 4
La Chief Human Resources Officer Kimberly Marshall ha comunicato la vendita di 16.500 azioni ordinarie il 23/07/2025 a un prezzo riportato di 60,00 $ per azione, generando un ricavo lordo di circa 0,99 milioni di $. L'operazione 猫 stata eseguita nell'ambito di un piano di trading Rule 10b5-1 adottato il 17/12/2024, il che indica che la transazione era programmata in anticipo.
Dopo questa operazione, la partecipazione diretta di Marshall 猫 pari a 56.736 azioni ordinarie. Inoltre, detiene ancora 56.122 unit脿 di azioni ristrette precedentemente segnalate. Non sono stati esercitati o venduti titoli derivati in questa comunicazione, e nessun altro dirigente o membro del consiglio 猫 stato coinvolto.
La segnalazione evidenzia una riduzione moderata (circa il 23% della posizione azionaria prima della vendita), ma lascia all'insider una partecipazione azionaria significativa, limitando preoccupazioni immediate relative alla governance o alla liquidit脿.
Travel + Leisure Co. (TNL) 鈥� Transacci贸n interna Formulario 4
La Directora de Recursos Humanos, Kimberly Marshall, report贸 la venta de 16,500 acciones comunes el 23/07/2025 a un precio informado de $60.00 por acci贸n, generando ingresos brutos aproximados de $0.99 millones. La operaci贸n se realiz贸 bajo un plan de negociaci贸n Rule 10b5-1 adoptado el 17/12/2024, lo que indica que la transacci贸n fue programada con anticipaci贸n.
Tras la operaci贸n, la participaci贸n directa de Marshall es de 56,736 acciones comunes. Adem谩s, contin煤a poseyendo 56,122 unidades restringidas de acciones reportadas previamente. No se ejercieron ni vendieron valores derivados en esta presentaci贸n, y ning煤n otro ejecutivo o director estuvo involucrado.
La presentaci贸n se帽ala una reducci贸n moderada (aproximadamente el 23% de la posici贸n de acciones comunes antes de la venta), pero deja al insider con una participaci贸n accionaria sustancial, limitando preocupaciones inmediatas de gobernanza o liquidez.
Travel + Leisure Co. (TNL) 鈥� Form 4 雮措秬鞛� 瓯半灅 鞁犼碃
斓滉碃鞚胳偓毂呾瀯鞛�(颁搁翱) 韨措矊毽� 毵堨儸鞚赌 2025雲� 7鞗� 23鞚�鞐� 16,500欤� 氤错喌欤� 毵る弰毳� 氤搓碃頄堨溂氅�, 欤茧嫻 $60.00鞚� 鞁犼碃 臧�瓴╈溂搿� 鞎� $99毵�鞚� 齑� 靾橃澋鞚� 彀届稖頄堨姷雼堧嫟. 鞚� 毵る弰電� 2024雲� 12鞗� 17鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 靷爠 鞓堨暯霅� 瓯半灅鞛勳潉 雮橅儉雰呺媹雼�.
瓯半灅 頉� 毵堨儸鞚� 歆侅爲 氤挫湢 欤检嫕鞚赌
鞚措矆 鞁犼碃電� 鞎� 23%鞚� 氤错喌欤� 氤挫湢霟� 臧愳唽毳� 氤挫棳欤检毵�, 雮措秬鞛愳棎瓴� 靸侂嫻頃� 歆�攵勳潉 鞙犾頃橁矊 頃橃棳 歃夑皝鞝侅澑 歆�氚瓣惮臁半倶 鞙犽彊靹� 鞖半牑毳� 鞝滍暅頃╇媹雼�.
Travel + Leisure Co. (TNL) 鈥� Transaction d鈥檌niti茅 Formulaire 4
La Directrice des Ressources Humaines, Kimberly Marshall, a d茅clar茅 la vente de 16 500 actions ordinaires le 23/07/2025 脿 un prix rapport茅 de 60,00 $ par action, g茅n茅rant des produits bruts d鈥檈nviron 0,99 million de $. La cession a 茅t茅 r茅alis茅e dans le cadre d鈥檜n plan de trading Rule 10b5-1 adopt茅 le 17/12/2024, indiquant que la transaction 茅tait programm茅e 脿 l鈥檃vance.
脌 la suite de cette op茅ration, la d茅tention directe de Marshall s鈥櫭﹍猫ve 脿 56 736 actions ordinaires. De plus, elle d茅tient toujours 56 122 unit茅s d鈥檃ctions restreintes pr茅c茅demment d茅clar茅es. Aucun titre d茅riv茅 n鈥檃 茅t茅 exerc茅 ou c茅d茅 dans cette d茅claration, et aucun autre dirigeant ou administrateur n鈥檃 茅t茅 impliqu茅.
Cette d茅claration signale une r茅duction mod茅r茅e (environ 23 % de la position en actions ordinaires avant la vente) mais laisse l鈥檌niti茅 avec une participation significative, limitant ainsi les pr茅occupations imm茅diates en mati猫re de gouvernance ou de liquidit茅.
Travel + Leisure Co. (TNL) 鈥� Insider-Transaktion Form 4
Die Chief Human Resources Officer Kimberly Marshall meldete den Verkauf von 16.500 Stammaktien am 23.07.2025 zu einem gemeldeten Preis von 60,00 $ pro Aktie, wodurch Bruttoerl枚se von etwa 0,99 Millionen $ erzielt wurden. Die Ver盲u脽erung erfolgte im Rahmen eines Rule 10b5-1 Trading Plans, der am 17.12.2024 eingef眉hrt wurde, was darauf hinweist, dass der Handel vorab geplant war.
Nach der Transaktion h盲lt Marshall direkt 56.736 Stammaktien. Zus盲tzlich besitzt sie weiterhin 56.122 zuvor gemeldete Restricted Stock Units. Es wurden keine Derivate ausge眉bt oder ver盲u脽ert, und keine weiteren F眉hrungskr盲fte oder Direktoren waren beteiligt.
Die Meldung signalisiert eine moderate Reduzierung (ca. 23 % der vorherigen Stammaktienposition), l盲sst den Insider jedoch mit einem erheblichen Aktienanteil zur眉ck, was unmittelbare Governance- oder Liquidit盲tsbedenken begrenzt.
- Sale executed under a pre-established Rule 10b5-1 plan, reducing the chance of information-based trading.
- Insider retains 56,736 shares and 56,122 RSUs, maintaining meaningful equity alignment with shareholders.
- Insider sold approximately 23 % of direct common share holdings, which can be interpreted as reduced personal exposure.
- Cash proceeds of about $0.99 million may raise minor sentiment concerns among momentum-focused investors.
Insights
TL;DR: Routine 10b5-1 insider sale; modest value, negligible strategic signal.
The $0.99 mm sale represents roughly 23 % of Marshall鈥檚 direct equity but was executed via a pre-planned 10b5-1 program, reducing the likelihood of information-driven timing. Post-sale ownership of 56.7 k shares and 56.1 k RSUs keeps her interests aligned with shareholders. With no concurrent corporate events or earnings data, I view the impact on valuation and sentiment as neutral.
TL;DR: Governance risk low; disclosure consistent, alignment maintained.
The filing meets Section 16 disclosure standards and specifies a valid 10b5-1 plan, mitigating concerns about opportunistic selling. Remaining ownership signals continued skin in the game, supporting incentive alignment. No red flags in terms of compliance or board oversight. Overall governance impact: minimal.
Travel + Leisure Co. (TNL) 鈥� Transazione interna Form 4
La Chief Human Resources Officer Kimberly Marshall ha comunicato la vendita di 16.500 azioni ordinarie il 23/07/2025 a un prezzo riportato di 60,00 $ per azione, generando un ricavo lordo di circa 0,99 milioni di $. L'operazione 猫 stata eseguita nell'ambito di un piano di trading Rule 10b5-1 adottato il 17/12/2024, il che indica che la transazione era programmata in anticipo.
Dopo questa operazione, la partecipazione diretta di Marshall 猫 pari a 56.736 azioni ordinarie. Inoltre, detiene ancora 56.122 unit脿 di azioni ristrette precedentemente segnalate. Non sono stati esercitati o venduti titoli derivati in questa comunicazione, e nessun altro dirigente o membro del consiglio 猫 stato coinvolto.
La segnalazione evidenzia una riduzione moderata (circa il 23% della posizione azionaria prima della vendita), ma lascia all'insider una partecipazione azionaria significativa, limitando preoccupazioni immediate relative alla governance o alla liquidit脿.
Travel + Leisure Co. (TNL) 鈥� Transacci贸n interna Formulario 4
La Directora de Recursos Humanos, Kimberly Marshall, report贸 la venta de 16,500 acciones comunes el 23/07/2025 a un precio informado de $60.00 por acci贸n, generando ingresos brutos aproximados de $0.99 millones. La operaci贸n se realiz贸 bajo un plan de negociaci贸n Rule 10b5-1 adoptado el 17/12/2024, lo que indica que la transacci贸n fue programada con anticipaci贸n.
Tras la operaci贸n, la participaci贸n directa de Marshall es de 56,736 acciones comunes. Adem谩s, contin煤a poseyendo 56,122 unidades restringidas de acciones reportadas previamente. No se ejercieron ni vendieron valores derivados en esta presentaci贸n, y ning煤n otro ejecutivo o director estuvo involucrado.
La presentaci贸n se帽ala una reducci贸n moderada (aproximadamente el 23% de la posici贸n de acciones comunes antes de la venta), pero deja al insider con una participaci贸n accionaria sustancial, limitando preocupaciones inmediatas de gobernanza o liquidez.
Travel + Leisure Co. (TNL) 鈥� Form 4 雮措秬鞛� 瓯半灅 鞁犼碃
斓滉碃鞚胳偓毂呾瀯鞛�(颁搁翱) 韨措矊毽� 毵堨儸鞚赌 2025雲� 7鞗� 23鞚�鞐� 16,500欤� 氤错喌欤� 毵る弰毳� 氤搓碃頄堨溂氅�, 欤茧嫻 $60.00鞚� 鞁犼碃 臧�瓴╈溂搿� 鞎� $99毵�鞚� 齑� 靾橃澋鞚� 彀届稖頄堨姷雼堧嫟. 鞚� 毵る弰電� 2024雲� 12鞗� 17鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 靷爠 鞓堨暯霅� 瓯半灅鞛勳潉 雮橅儉雰呺媹雼�.
瓯半灅 頉� 毵堨儸鞚� 歆侅爲 氤挫湢 欤检嫕鞚赌
鞚措矆 鞁犼碃電� 鞎� 23%鞚� 氤错喌欤� 氤挫湢霟� 臧愳唽毳� 氤挫棳欤检毵�, 雮措秬鞛愳棎瓴� 靸侂嫻頃� 歆�攵勳潉 鞙犾頃橁矊 頃橃棳 歃夑皝鞝侅澑 歆�氚瓣惮臁半倶 鞙犽彊靹� 鞖半牑毳� 鞝滍暅頃╇媹雼�.
Travel + Leisure Co. (TNL) 鈥� Transaction d鈥檌niti茅 Formulaire 4
La Directrice des Ressources Humaines, Kimberly Marshall, a d茅clar茅 la vente de 16 500 actions ordinaires le 23/07/2025 脿 un prix rapport茅 de 60,00 $ par action, g茅n茅rant des produits bruts d鈥檈nviron 0,99 million de $. La cession a 茅t茅 r茅alis茅e dans le cadre d鈥檜n plan de trading Rule 10b5-1 adopt茅 le 17/12/2024, indiquant que la transaction 茅tait programm茅e 脿 l鈥檃vance.
脌 la suite de cette op茅ration, la d茅tention directe de Marshall s鈥櫭﹍猫ve 脿 56 736 actions ordinaires. De plus, elle d茅tient toujours 56 122 unit茅s d鈥檃ctions restreintes pr茅c茅demment d茅clar茅es. Aucun titre d茅riv茅 n鈥檃 茅t茅 exerc茅 ou c茅d茅 dans cette d茅claration, et aucun autre dirigeant ou administrateur n鈥檃 茅t茅 impliqu茅.
Cette d茅claration signale une r茅duction mod茅r茅e (environ 23 % de la position en actions ordinaires avant la vente) mais laisse l鈥檌niti茅 avec une participation significative, limitant ainsi les pr茅occupations imm茅diates en mati猫re de gouvernance ou de liquidit茅.
Travel + Leisure Co. (TNL) 鈥� Insider-Transaktion Form 4
Die Chief Human Resources Officer Kimberly Marshall meldete den Verkauf von 16.500 Stammaktien am 23.07.2025 zu einem gemeldeten Preis von 60,00 $ pro Aktie, wodurch Bruttoerl枚se von etwa 0,99 Millionen $ erzielt wurden. Die Ver盲u脽erung erfolgte im Rahmen eines Rule 10b5-1 Trading Plans, der am 17.12.2024 eingef眉hrt wurde, was darauf hinweist, dass der Handel vorab geplant war.
Nach der Transaktion h盲lt Marshall direkt 56.736 Stammaktien. Zus盲tzlich besitzt sie weiterhin 56.122 zuvor gemeldete Restricted Stock Units. Es wurden keine Derivate ausge眉bt oder ver盲u脽ert, und keine weiteren F眉hrungskr盲fte oder Direktoren waren beteiligt.
Die Meldung signalisiert eine moderate Reduzierung (ca. 23 % der vorherigen Stammaktienposition), l盲sst den Insider jedoch mit einem erheblichen Aktienanteil zur眉ck, was unmittelbare Governance- oder Liquidit盲tsbedenken begrenzt.
