LEONARDI THOMAS B 4
4 · TRAVELERS COMPANIES, INC. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Travelers (TRV) Director Thomas B. Leonardi Receives Award
What Happened
Thomas B. Leonardi, a director of Travelers Companies, Inc. (TRV), was granted 729 deferred stock units on February 3, 2026. The units were reported at a per-unit value of $288.23, totaling $210,120 (filing lists $210,120). This was an award/grant (Form 4 transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-03; reported on Form 4 filed 2026-02-05 (timely filing).
- Grant details: 729 deferred stock units @ $288.23 each; aggregate value ~$210,120.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote F1: Units are deferred stock units under the Company’s 2023 Stock Incentive Plan and Deferred Compensation Plan for Non‑Employee Directors; convert one-for-one into common shares on distribution. Directors elect lump sum or annual installments; distributions begin at least six months after director service ends.
- Footnote F2: Includes 79.942 deferred stock units acquired since Feb 4, 2025 via the plan’s dividend reinvestment feature.
- Transaction code: A = Award/Grant. No indication of tax withholding sale or a 10b5-1 plan.
Context
Deferred stock units are a form of compensation for non-employee directors and convert into shares when distributed; they are routine director compensation and do not, by themselves, signal a buy or sell decision. The filing appears timely (filed two days after the transaction date).
Insider Transaction Report
Form 4
LEONARDI THOMAS B
Director
Transactions
- Award
Common Stock
[F1][F2]2026-02-03$288.23/sh+729$210,120→ 5,834.305 total
Footnotes (2)
- [F1]Consists of deferred stock units awarded pursuant to the Company's Amended and Restated 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. The deferred stock units will be converted into shares of Company common stock on a one-for-one basis upon distribution. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in annual installments beginning at least six months following termination of his or her service as a director pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.
- [F2]Includes 79.942 shares of deferred stock units acquired since February 4, 2025 pursuant to the dividend reinvestment feature of the Company's Deferred Compensation Plan for Non-Employee Directors.
Signature
/s/Wendy C. Skjerven, by power of attorney|2026-02-05