MARSHALL KIMBERLY 4

What Happened
Kimberly Marshall, Chief Human Resources Officer at Travel & Leisure Co. (TNL), sold 32,691 shares on 2026-07-23 at $75.00 per share, generating approximately $2,451,825. The Form 4 reports the transaction as an open-market or private sale (code S).

Key Details

• Transaction date and price: 2026-07-23 — 32,691 shares at $75.00 each.
• Total proceeds: ~$2,451,825.
• Filing date: 2026-07-24 (timely filing).
• Footnote F1: The reported common stock amount reflects this sale and a reduction of 500 shares that had been previously reported as beneficially owned due to an administrative error.
• Footnote F2: The filing also notes 13,758 restricted stock units (RSUs) that were previously omitted from reporting.
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context
This was a sale, which is often routine (portfolio rebalancing, tax planning, etc.) and not necessarily a signal about company prospects. The filing corrects prior administrative reporting errors (a 500-share correction and inclusion of 13,758 RSUs), which affects reported beneficial ownership disclosures but does not on its own indicate a change in insider sentiment.