BESSETTE ANDY F 4
Research Summary
AI-generated summary
Travelers (TRV) EVP Andy Bessette Receives 6,427-Share Award
What Happened
- Andy F. Bessette, Executive Vice President and Chief Administrative Officer of Travelers Companies, Inc. (TRV), was awarded 6,427 derivative shares on February 3, 2026. The Form 4 reports an acquisition price of $0.00, indicating these were granted awards (code A), not an open-market purchase.
Key Details
- Transaction date: 2026-02-03; Filing date: 2026-02-05 (appears timely under Form 4 rules).
- Transaction type: Award/Grant (derivative securities); reported price $0.00.
- Shares acquired: 6,427 derivative shares.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No footnotes provided about 10b5-1 plans, tax withholding, or immediate sale.
Context
- A reported acquisition price of $0 typically means the shares were granted (e.g., restricted stock units or other equity awards) and may vest over time; this is different from a purchase and does not indicate immediate cash investment. Such awards are common as compensation and do not, by themselves, imply a change in the insider’s view of the stock.