Travel & Leisure (TNL) Director Michael H. Wargotz Receives Award

What Happened Michael H. Wargotz, a director of Travel & Leisure Co. (TNL), was granted 1,193 deferred stock units (DSUs) on March 31, 2026. The award is reported at $0.00 per unit (total $0) because these units were issued for dividends rather than purchased. Each DSU entitles him to receive one share of common stock upon his retirement or termination of Board service.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely filing).
• Transaction type/code: Grant / Acquisition (A).
• Amount: 1,193 deferred stock units @ $0.00; aggregate purchase price reported as $0.
• Shares owned after transaction: Not specified in this Form 4 (filing notes inclusion of previously reported DSUs/RSUs).
• Footnotes:
  • F1: DSUs issued for dividends; convert to one share upon retirement/termination.
  • F2: Includes previously reported deferred stock units.
  • F3: References previously reported restricted stock units.
• No indication of a 10b5-1 plan, sale, or exercise in this filing.

Context Deferred stock units awarded to directors are a form of compensation and do not represent an open-market purchase or sale; they convert to actual shares later (here, upon retirement/termination). Such grants are common for board compensation and should be interpreted as routine compensation rather than an immediate bullish or bearish trading signal.