Travelers Companies: EVP Gregory C Toczydlowski exercised 34,771 shares

What happened Gregory C Toczydlowski, EVP and president, business insurance, exercised options for 34,771 shares (code M) at $140.85 per share for $4,897,495 on Oct 22, 2026. The filing also shows disposals of the same total of 34,771 shares on Oct 22, 2026: 32,671 shares sold at a weighted average price of $403.86 for $13,194,481 and 2,100 shares sold at a weighted average price of $404.43 for $849,307. The filing lists a derivative disposition of 34,771 shares at $0.00 (code M).

Key details

• Transaction date: Oct 22, 2026.
• Exercise: 34,771 shares at $140.85 per share, total $4,897,495.
• Sales: 32,671 shares at weighted average $403.86, total $13,194,481 (footnote F1); 2,100 shares at weighted average $404.43, total $849,307 (footnote F2). Combined sale proceeds $14,043,788.
• Footnote F1: weighted average sales price covers increments from $403.38 to $404.37; the reporting person will provide per-price details on request.
• Footnote F2: weighted average sales price covers increments from $404.38 to $404.49; the reporting person will provide per-price details on request.
• Shares owned after the transaction: not reported in the provided filing.
• Filing date: Oct 23, 2026. The filing does not indicate it was filed late.

Why it may matter

• The filing shows an options exercise (code M) and sales of the same number of shares on the same date, consistent with a cashless exercise where exercised shares are sold immediately.
• The filing does not show why the insider traded or why the company acted.