Travel & Leisure Co.·4

Mar 13, 3:07 PM ET

Post Denny Marie 4

Research Summary

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Travel & Leisure (TNL) Director Denny Marie Post Receives 3,478-Share Award

What Happened

  • Director Denny Marie Post received an award of 3,478 deferred stock units (DSUs) on March 11, 2026. The units were reported as an "A" (award/grant) at $0.00 per unit, so no cash was exchanged; reported total value is $0 on grant date.
  • These DSUs were issued as part of retainer fees and the annual equity grant for board service. Each DSU represents the right to receive one share of common stock upon Post’s retirement or termination of Board service.

Key Details

  • Transaction date: 2026-03-11; filing date: 2026-03-13 (timely filing).
  • Award: 3,478 deferred stock units; price reported: $0.00; reported acquisition code: A.
  • Shares owned after transaction: Not specified in the provided filing details.
  • Footnotes: F1 = DSUs issued for retainer fees and annual equity grant; F1 clarifies each DSU converts to one share upon retirement/termination. F2–F4 note inclusion of previously reported DSUs, previously reported common stock, and previously reported RSUs.
  • No sale or market purchase occurred; this is compensation-related equity.

Context

  • DSU awards to directors are common compensation for board service and do not represent an open-market purchase or immediate sale. They typically convert to actual shares at a future settlement event (retirement/termination), so they are not an immediate bullish signal like a personal cash buy.
  • This transaction is routine compensation disclosure for a non-employee director and should be interpreted as standard equity pay, not short-term trading activity.