ESFAHANI SY 4

What Happened

• Sy Esfahani, Chief Technology Officer of Travel & Leisure Co. (TNL), received 25,680 shares on vesting of previously granted restricted stock units and performance share units, and 10,107 shares were disposed to the issuer at $71.12 per share for proceeds of $718,810. The award shows an acquisition at $0.00 per share (vesting), and the disposition reflects shares withheld/surrendered to cover tax obligations.

Key Details

• Transaction date: March 10, 2026
• Award: 25,680 shares acquired on vesting (reported as A) at $0.00 (footnote F1)
• Disposition: 10,107 shares disposed to issuer (reported as D) at $71.12 — total value $718,810
• Tax withholding: Common stock withheld as payment toward tax liability on vesting (footnote F3)
• Other footnotes: F2 and F4 reference previously reported amounts
• Filing: Form 4 filed March 12, 2026 reporting the March 10 transactions; this filing appears to be within the normal 2-business-day reporting window
• Shares owned after the transactions: Not specified in the provided filing excerpt

Context

• This was primarily a vesting of RSUs/PSUs (an award), with a portion of shares surrendered/withheld to satisfy taxes — a routine administrative step that does not necessarily indicate a buy or sell signal on the open market. No open-market purchase was reported; the disposition was to the issuer for tax withholding/delivery.