Travel & Leisure (TNL) GC Savina James Receives 20,979 RSU Award

What Happened

• Savina James J, General Counsel and Corporate Secretary of Travel & Leisure Co. (TNL), was granted 20,979 restricted stock units (RSUs) on March 11, 2026.
• The grant was recorded at $0.00 per unit (an award rather than a purchase), so the immediate cash value reported is $0. These RSUs convert to one share of common stock per vested unit.

Key Details

• Transaction type: Award/Grant (code A) on 2026-03-11; Form 4 filed 2026-03-13 (timely).
• Amount: 20,979 RSUs granted at $0.00 per unit.
• Vesting: Units vest in four equal annual installments on each of the first four anniversaries of March 15, 2026, subject to continuous employment (one share issued per vested RSU). (Footnote F1)
• Ownership notes: Filing references previously reported RSUs and previously reported common shares (F2, F3). The filing excerpt provided does not list total shares owned after the grant.
• Role: Reporting person is General Counsel and Corporate Secretary (remarks).

Context

• RSU awards are compensation, not an open-market buy or sell; they do not directly signal immediate buying pressure. Vesting schedule means shares will only be issued over the next four years if employment continues.
• No exercise, sale, tax-withholding, or 10b5-1 plan was reported in this transaction; it is a routine executive equity grant.