MARTINEZ LUCINDA 4

What Happened
Lucinda Martinez, a director of Travel & Leisure Co. (TNL), was granted 3,338 shares on 2026-03-11. The shares were issued as an award (transaction code A) at $0.00 per share (total reported value $0), reflecting common stock issued for retainer fees and an annual equity grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Filing date (Form 4): 2026-03-13 — appears timely.
• Transaction type/code: Award/Grant (A). Price: $0.00; Shares acquired: 3,338; reported value: $0.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 = common stock issued for retainer fees and annual equity grant; F2–F4 reference previously reported common stock, deferred stock units, and restricted stock units.
• No indication of a 10b5-1 plan, cashless exercise, or tax-withholding sale in the supplied details.

Context
Director equity grants are common as part of board compensation and do not necessarily signal a personal market view. Because these shares were issued as compensation (value reported $0), no open-market cash purchase or sale occurred. Previously reported related equity (per F2–F4) may reflect other deferred or restricted holdings disclosed in earlier filings.