4//SEC Filing
Albano John J 4
Accession 0001127602-10-006112
CIK 0000086312other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:48 PM ET
Size
9.9 KB
Accession
0001127602-10-006112
Insider Transaction Report
Form 4
Albano John J
EVP, Business Insurance
Transactions
- Exercise/Conversion
Performance Shares
2010-02-22−15,637→ 0 totalExp: 2009-12-31→ Common Stock (15,637 underlying) - Tax Payment
Common Stock
2010-02-22$53.02/sh−11,172$592,395→ 18,331 total - Exercise/Conversion
Common Stock
2010-02-22+26,009→ 29,503 total
Footnotes (3)
- [F1]Represents payout in shares of common stock of performance share rights previously reported on Table II. The corresponding entry for the disposition of the performance share rights is shown on Table II. Achievement of performance objectives resulted in the earning of 154% of the performance share rights previously reported on Table II. Also includes dividend rights previously accrued on such performance share rights and now paid in the form of shares of common stock.
- [F2]Represents shares withheld to cover taxes in connection with the vesting of the performance share rights.
- [F3]Represents the disposition (as a result of vesting and payout) of performance share rights previously reported on Table II where the performance objective (based on adjusted return on equity over a 3 year period) was met. The actual number of shares received could range from 0-160% of the target performance share rights granted on a sliding scale of performance levels and the number previously reported on Table II (which is also reported in Table II here) assumed payout at 100%. The corresponding payout of shares (at 154%) for the achievement of performance objectives, together with shares for accrued dividend rights, are reported on Table I.
Documents
Issuer
TRAVELERS COMPANIES, INC.
CIK 0000086312
Entity typeother
Related Parties
1- filerCIK 0001377321
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 4:48 PM ET
- Size
- 9.9 KB