SCHERMERHORN TODD C 4

What Happened Todd C. Schermerhorn, a director of Travelers Companies, Inc. (TRV), was granted 729 deferred stock units on February 3, 2026. The award is reported as an acquisition at a per-unit value of $288.23, totaling about $210,120. This is a director compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-03; price per unit: $288.23; total value ≈ $210,120.
• Transaction type: Award/Grant (reported as "A" — deferred stock units), not an immediate market buy/sell.
• Shares owned after transaction: Not specified in this filing.
• Footnote summary:
  • F1: Units are deferred stock units under the 2023 Stock Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors; convert one-for-one into common shares on distribution. Directors elect distribution timing (lump sum or annual installments) beginning at least six months after they stop serving as a director.
  • F2: The reported total includes 211.97 deferred units acquired since 2025-02-04 via the plan’s dividend reinvestment feature.
• Filing timeliness: Reported on 2026-02-05 for a 2026-02-03 transaction; appears timely (Form 4 is typically due within two business days).

Context This award represents director compensation delivered as deferred stock units, which are not immediately transferable shares but will convert to common stock upon distribution per plan rules. Such grants are routine for non-employee directors and do not by themselves indicate buying or selling sentiment in the open market.