MARSHALL KIMBERLY 4

What Happened Kimberly Marshall, Chief Human Resources Officer of Travel & Leisure Co. (TNL), received 28,797 shares on the vesting of previously granted restricted stock units and performance share units (awarded at $0.00). Concurrently, 11,333 shares were disposed to the issuer (withheld) at $71.12 per share for a value of $806,003 to cover tax obligations.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely).
• Award/acquisition: 28,797 shares @ $0.00 (vesting of RSUs/PSUs) — footnote F1/F4.
• Disposition: 11,333 shares @ $71.12 = $806,003 — withheld/delivered to issuer to satisfy taxes (footnote F3).
• Shares owned after transaction: not specified in the provided filing excerpt (filing notes include previously reported shares per F2).
• Footnotes: F1 = vesting of previously granted RSUs/PSUs; F3 = shares withheld for tax withholding/delivery in accordance with Rule 16b-3; F2/F4 reference previously reported amounts.
• Transaction codes: A = Award/Acquisition (vesting); D = Disposition to issuer (tax withholding).

Context This is primarily a vesting event with shares withheld to cover taxes rather than an open-market sale or purchase. Such withholding/dispositions are routine administrative actions tied to compensation and do not necessarily signal a change in insider sentiment.