Lefebvre Mojgan M 4

What Happened
Mojgan M. Lefebvre, Executive Vice President & Chief Technology & Operations Officer at Travelers (TRV), received 12,008.654 shares as the payout of performance share rights (award). To satisfy withholding and for liquidity, 6,182 of those shares were withheld/turned in at $298.46 per share for $1,845,080 (tax/payment) and 5,826.654 shares were sold in an open-market sale at an average of $298.25 for $1,737,815. Total proceeds from the disposals were $3,582,895. The award shares were reported with a $0.00 acquisition price (performance payout).

Key Details

• Transaction dates: 2026-02-18 (award and tax withholding/disposition), 2026-02-19 (open-market sale).
• Prices and amounts:
  • Award: 12,008.654 shares @ $0.00 (F1: payout of 2023 performance share rights).
  • Tax withholding/paid: 6,182 shares @ $298.46 = $1,845,080 (code F).
  • Open-market sale: 5,826.654 shares @ weighted avg ~$298.25 = $1,737,815 (code S).
• Total shares disposed = 12,008.654; total proceeds ≈ $3,582,895.
• Footnotes: F1 = common stock paid upon achievement of performance objectives; F2 = weighted average sales price covers price increments $298.25–$298.32 and the reporting person will provide per-price sale info on request.
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Form 4 filed 2026-02-20 for transactions on 2/18–2/19 — appears timely (not flagged late).

Context
This was primarily a performance-award delivery (not a market purchase) with subsequent disposals: part were used to satisfy tax/payment obligations and the remainder sold on the open market. Such award deliveries followed by withholding/sales are common and reflect compensation vesting rather than an independent purchase decision; they do not necessarily indicate the insider’s view on company prospects.