OLIVO MARIA 4

What Happened

• Maria Olivo, EVP, ERM & Chief Risk Officer of Travelers Companies (TRV), received 13,856.308 shares as the payout of performance share rights (award/grant). The award shows $0.00 acquisition price (i.e., vested/issued shares).
• To satisfy tax withholding, 6,710 shares were disposed at $298.46 per share, generating proceeds of about $2,002,667. Net shares retained from the award: 13,856.308 − 6,710 = 7,146.308 shares.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-19 (appears timely).
• Award: 13,856.308 shares reported as an Award/Grant (code A) at $0.00.
• Withholding/disposition: 6,710 shares reported under code F (tax withholding) at $298.46, total ~$2,002,667.
• Footnote: F1 — these shares were paid out upon achievement of performance objectives from performance share rights granted in 2023.
• Shares owned after transaction: not specified in the filing; net new shares retained from this vesting = 7,146.308.

Context

• This was a performance-share payout (not an open-market purchase). The partial disposition (code F) reflects routine tax withholding/cashless settlement rather than a targeted market sale. Such vesting is typically compensation-related and does not, by itself, indicate insider sentiment about the company.