Santana Rafael 4

What Happened
Rafael Santana, a director of Travelers Companies, Inc. (TRV), was awarded 729 deferred stock units on 2026-02-03 at an acquisition value of $288.23 per share, totaling approximately $210,120. This transaction is reported as an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-03; Filed with SEC: 2026-02-05 (timely, within standard 2-business-day reporting window).
• Award: 729 deferred stock units at $288.23 per unit; total value ≈ $210,120.
• Shares owned after transaction: not disclosed in the provided filing summary.
• Footnote F1: These are deferred stock units under the company’s 2023 Stock Incentive Plan and Deferred Compensation Plan for Non-Employee Directors; convert 1-for-1 to common shares upon distribution, which the director can elect to receive as a lump sum or annual installments (distribution begins at least six months after termination of director service).
• Footnote F2: The reported holdings include 60.964 deferred stock units acquired since Feb 4, 2025 via dividend reinvestment in the Deferred Compensation Plan for Non-Employee Directors.

Context
Deferred stock unit awards are a form of compensation and will convert to actual common shares when distributed per the plan rules; they are not an immediate cash purchase or sale and do not necessarily signal the director’s near-term trading intent. This report documents the grant rather than a sale or exercise.