Brady Louise F. 4

What Happened
Louise F. Brady, a director of Travel & Leisure Co. (TNL), received an award of 802 deferred stock units (DSUs) on March 31, 2026. The units were issued at $0.00 (no cash paid) and are recorded as an acquisition-type grant; the transaction value is $0 on the grant date. This is an award/compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-31; Grant/award (code A) of 802 units at $0.00 (acquired).
• Filing date: 2026-04-02 (covers the 03-31 transaction) — appears to be filed within the usual 2-business-day Form 4 window.
• Shares owned following the transaction: not specified in the provided excerpt.
• Footnotes included in the filing:
  • F1: These are deferred stock units issued for dividends; each unit entitles the reporting person to receive one common share following retirement or termination of board service.
  • F2: The reported total includes previously reported deferred stock units.
  • F3: References previously reported restricted stock units.

Context
Deferred stock units are a form of director compensation that convert to actual shares (or cash equivalent) only upon the director’s retirement or when they leave the board. Such awards are routine for non-employee directors and do not represent an immediate market buy or sell by the insider.