Golden Russell G. 4

What Happened

• Russell G. Golden, a director of Travelers Companies, Inc. (TRV), was granted 729 deferred stock units on 2026-02-03 at a reported per-unit value of $288.23, for a total value of $210,120. The transaction is coded as an award (A), i.e., compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (timely filing).
• Award details: 729 deferred stock units @ $288.23 per unit; total reported value $210,120.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The units are deferred stock units granted under the 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. They convert 1-for-1 into common shares upon distribution; the director may elect distribution either as a lump sum or in annual installments beginning at least six months after termination of board service.
• Transaction type: Award/compensation (code A) — typically a routine director compensation event rather than a direct market signal.

Context

• Deferred stock units are a form of compensation that will become actual shares when distributed; they do not represent an immediate purchase of open-market shares and therefore should be interpreted as compensation rather than a direct bullish purchase by the insider.