RICHARDS GEOFFREY 4

What Happened

• Geoffrey Richards, Chief Operating Officer, Vacation Ownership at Travel & Leisure Co. (TNL), sold 33,744 shares in an open-market disposition on July 27, 2026. The reported weighted-average sale price was $75.65 per share, resulting in proceeds of approximately $2,552,734. The individual trades that made up the sale ranged from $75.21 to $76.02 per share.

Key Details

• Transaction date: 2026-07-27 (reported on Form 4 filed 2026-07-28).
• Transaction type: Sale (S); weighted-average price $75.65; price range $75.21–$76.02 (see footnote).
• Shares sold: 33,744; proceeds ≈ $2,552,734.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Notable footnotes: F1 explains the weighted-average price and that share sales occurred at multiple prices in the stated range; F3 notes 18,449 RSUs were previously omitted due to an administrative error and are included in the RSU total; F2 refers to previously reported common stock.
• Filing timeliness: Reported the next day (filed 2026-07-28 for a 2026-07-27 transaction), indicating timely filing.

Context

• This filing reports a sale (disposition) of shares. Sales by executives can be routine (e.g., for diversification, taxes, or liquidity) and do not by themselves indicate company performance or insider sentiment. No option exercise, 10b5-1 plan, or gift was disclosed in the provided details.