Travel & Leisure (TNL) Director Stephen Holmes Receives 494-Share Award

What Happened
Stephen P. Holmes, a director of Travel & Leisure Co. (TNL), was granted 494 deferred stock units on March 31, 2026. The reported acquisition price is $0.00, reflecting a non-cash award of deferred stock units rather than an open-market purchase. These units are recorded as an award (code A) and will convert into common shares when Holmes leaves the board.

Key Details

• Transaction date: 2026-03-31; filing date (Form 4): 2026-04-02 (no late filing flagged in the report).
• Transaction type/code: Award/Grant (A).
• Quantity and price: 494 deferred stock units @ $0.00 (no cash paid).
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes in the filing:
  • F1: These are deferred stock units issued for dividends; each unit entitles the holder to one share upon retirement/termination.
  • F2–F4: References to previously reported deferred stock units, common shares, and restricted stock units included in the holder’s prior disclosures.

Context
Deferred stock units are a form of director compensation that defer receipt of shares (and often taxes) until board departure; they do not indicate an outright market buy or sell and should not be read as a direct bullish or bearish trading signal. This filing documents a routine grant to a director rather than an executed trade.