MARTINEZ LUCINDA 4

What Happened

• Director Lucinda Martinez received 1,214 shares of Travel & Leisure Co. (TNL) on March 10, 2026. The shares were issued at $0.00, reflecting the vesting of previously granted restricted stock units (RSUs) rather than a market purchase.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Transaction type/code: Award/Acquisition (A) — 1,214 shares issued at $0.00.
• Consideration: No cash paid; shares issued on vesting of previously granted RSUs (footnote F1).
• Shares owned after the transaction: not specified in the provided filing details.
• Additional footnotes (F2–F4) reference previously reported common stock, deferred stock units, and RSUs included in prior filings.

Context

• This was an issuance on RSU vesting (a compensation event), not an open-market purchase or sale. Such awards are routine for directors and reflect compensation rather than a direct bullish or bearish signal about the stock.
• For retail investors, outright purchases are generally more indicative of insider confidence; awards primarily show how insiders are compensated. The filing was submitted promptly and does not indicate any immediate sale of these shares.