Duncan Thomas Michael 4

What Happened

• Duncan Thomas Michael, Senior Vice President and Chief Accounting Officer of Travel & Leisure Co. (TNL), had 5,439 shares of common stock vest on March 10, 2026 (award/acquisition at $0.00). On the same date 1,326 shares were delivered back to the issuer as a disposition/withholding at $71.12 per share, resulting in proceeds of $94,305.

Key Details

• Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-12; filing appears timely).
• Award: 5,439 shares acquired on vesting of previously granted restricted stock units and performance share units (footnote F1).
• Disposition: 1,326 shares disposed to the issuer at $71.12/share for $94,305, recorded as withholding to cover tax liability (footnote F3).
• Shares owned after transaction: Not specified in the provided excerpt (footnote F2 references inclusion of previously reported shares).
• Other notes: Footnote F4 references previously reported restricted stock units. No 10b5-1 plan or late filing flag disclosed.

Context

• This was an award/vesting event with a routine tax-withholding disposition — a common administrative action when RSUs/PSUs vest. It is not a market purchase (which might be interpreted as a bullish signal); rather, the disposition was to satisfy tax withholding obligations.