Savina James J 4

What Happened

• Savina James, General Counsel and Corporate Secretary of Travel & Leisure Co. (TNL), had 7,468 restricted stock units (RSUs) vest on 2026-03-15 (grant/acquisition, code A). As permitted, 2,939 shares were withheld to satisfy the tax liability (disposition, code F) at $68.53 per share, totaling $201,410. Net shares delivered to her after withholding were 4,529 (7,468 − 2,939), worth roughly $310,000 based on the $68.53 share price.

Key Details

• Transaction dates: 2026-03-15 (reported on Form 4 filed 2026-03-16).
• Transaction types/codes: A = award/acquisition (vesting of RSUs); F = shares withheld for taxes (disposition).
• Shares: 7,468 RSUs vested; 2,939 shares withheld; net 4,529 shares delivered.
• Prices/values: withholding price $68.53; withheld shares value $201,410; gross vesting value ≈ $511,782; net retained value ≈ $310,372 (estimates using $68.53).
• Footnotes: Vesting of previously granted RSUs (F1/F4); common stock withheld to cover tax liability (F3). Filing appears timely (transaction 2026-03-15; Form 4 filed 2026-03-16).
• Shares owned after transaction: not specified in the filing.

Context

• This was a routine RSU vesting event, not an open-market purchase or sale by the insider. The withholding of shares to pay taxes is a common administrative step and does not necessarily signal a change in the insider’s view of the company.