Michael Dean Brown - 23 Feb 2026 Form 4 Insider Report for Travel & Leisure Co. (TNL)

Role
President & CEO., Director
Signature
/s/ Jeff Zanotti as Attorney-in-Fact for Michael Dean Brown
Issuer symbol
TNL
Transactions as of
23 Feb 2026
Net transactions value
-$2,772,957
Form type
4
Filing time
25 Feb 2026, 16:44:16 UTC
Previous filing
01 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brown Michael Dean President & CEO., Director C/O TRAVEL + LEISURE CO., 501 WEST CHURCH STREET, ORLANDO /s/ Jeff Zanotti as Attorney-in-Fact for Michael Dean Brown 25 Feb 2026 0001691300

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNL Common Stock Options Exercise $2,967,247 +66,860 +16% $44.38 494,681 23 Feb 2026 Direct F1, F2
transaction TNL Common Stock Sale $1,258,399 -17,203 -3.5% $73.15 477,478 23 Feb 2026 Direct F1, F2, F3
transaction TNL Common Stock Sale $3,591,811 -48,329 -10% $74.32 429,149 23 Feb 2026 Direct F1, F2, F4
transaction TNL Common Stock Sale $99,706 -1,328 -0.31% $75.08 427,821 23 Feb 2026 Direct F1, F2, F5
transaction TNL Common Stock Options Exercise $1,151,128 +25,938 +6.1% $44.38 453,759 24 Feb 2026 Direct F1, F2
transaction TNL Common Stock Sale $1,926,489 -25,738 -5.7% $74.85 428,021 24 Feb 2026 Direct F1, F2, F6
transaction TNL Common Stock Sale $14,926 -200 -0.05% $74.63 427,821 24 Feb 2026 Direct F1, F2, F7
holding TNL Common Stock 256,490 23 Feb 2026 Direct F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TNL Stock Options (right to buy) Options Exercise $0 -66,860 -48% $0.000000 72,338 23 Feb 2026 Common Stock 66,860 $44.38 Direct F1, F9
transaction TNL Stock Options (right to buy) Options Exercise $0 -25,938 -36% $0.000000 46,400 24 Feb 2026 Common Stock 25,938 $44.38 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Option exercise and sale effectuated pursuant to a Rule 10b5-1 plan adopted November 25, 2025.
F2 Includes previously reported shares of common stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.64 to 74.63, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $74.54 to $73.64, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $75.70 to $74.65, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $74.50 to 75.49, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $75.62 to 75.63, inclusive. The reporting person undertakes to provide to Travel + Leisure Co., any security holder of Travel + Leisure Co. or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Previously reported restricted stock units.
F9 Stock options granted on March 7, 2019 under the Registrant's Equity and Incentive Plan. The options vested in four equal installments on each of the first four anniversaries of March 7, 2019.

Remarks:

President & CEO.