Schnitzer Alan D 4

What happened Alan D. Schnitzer, Chairman and CEO of Travelers Companies (TRV), received 95,739.098 shares as the payout of performance share rights (code A) and concurrently had 52,944 shares withheld/disposed (code F) to satisfy tax withholding obligations. The withheld shares were recorded at $298.46 per share, totaling $15,801,666. The award shares were issued at $0.00 as the settlement of performance-based rights granted in 2023.

Key details

• Transaction date: 2026-02-18; Form filed 2026-02-19 (filed the next day; no late filing indicated).
• Award: 95,739.098 shares issued (code A) at $0.00 per share.
• Withholding/disposition: 52,944 shares disposed (code F) at $298.46, totaling $15,801,666.
• Footnotes: F1 — shares represent payout of 2023 performance share rights; F2 — reporting person disclaims beneficial ownership of these securities (as noted in the filing).
• Shares owned after the transaction: not specified in the provided filing summary.

Context This was a routine settlement of performance-based equity rather than an open-market sale or a new purchase. The disposition here represents shares withheld to cover tax liabilities (a common "cashless" withholding), not a market sale indicating a change in investment view.