ROBIN-CAPLAN AMANDINE 4

What Happened
Amandine Robin‑Caplan, Chief Brand and Communications Officer at Travel & Leisure Co. (TNL), sold 3,904 shares of common stock in an open-market sale on February 20, 2026. The shares were sold at $74.61 per share for total gross proceeds of approximately $291,277. The filing notes the shares were from previously reported restricted stock units.

Key Details

• Transaction date: 2026-02-20 (open-market sale, code S)
• Price per share: $74.61; total proceeds ≈ $291,277
• Security: Common stock (footnote F1); shares sold came from previously reported RSUs (footnote F2)
• Shares owned after the transaction: not specified in the filing excerpt provided
• Filing date: 2026-02-24 — filed within the SEC’s 2-business-day Form 4 requirement (timely)
• No 10b5-1 plan or tax-withholding details were indicated in the provided filing notes

Context
This was a sale (often routine) rather than a purchase; sales by executives can reflect many personal reasons and are generally less informative about future company performance than purchases. Because the shares were identified as coming from previously reported restricted stock units, the transaction likely involved shares that vested or were previously granted; the filing does not indicate a cashless exercise or other derivatives activity.