RICKLES RONALD L 4

What Happened

• Ronald L. Rickles, a director of Travel & Leisure Co. (TNL), was granted 3,653 deferred stock units on 2026-03-11. The units were reported at $0.00 per unit (no immediate cash purchase or sale) and are recorded as an award/grant (transaction code A).

Key Details

• Transaction date: 2026-03-11; Form filed: 2026-03-13.
• Grant: 3,653 deferred stock units; reported price $0.00; total reported value $0.
• Footnotes:
  • F1 — These deferred stock units (DSUs) are issued for retainer fees and the annual equity grant; each DSU entitles the holder to one share of common stock upon retirement or termination from the Board.
  • F2 — The reported amount includes previously reported deferred stock units.
  • F3 — References previously reported restricted stock units.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Timeliness: The Form 4 was filed two days after the transaction date, consistent with the standard 2-business-day reporting window.

Context

• Deferred stock units are an award form that pay out shares later (e.g., upon leaving the board); they are not an open-market buy or sale and do not represent immediate stock purchases. Such awards are routine compensation for directors and do not by themselves indicate a bullish or bearish signal about the company.