ESFAHANI SY 4

What Happened

• Sy Esfahani, Chief Technology Officer of Travel & Leisure Co. (TNL), had 4,979 shares acquired on vesting of previously granted restricted stock units (RSUs) on 2026-03-15 (acquisition price $0.00).
• To satisfy the tax liability from the RSU vesting, 1,960 shares were disposed/withheld at an effective price of $68.53, generating proceeds of about $134,319. Net shares retained from the vesting were 3,019 shares (4,979 granted minus 1,960 withheld).

Key Details

• Transaction dates: 2026-03-15 (vesting and tax-withholding disposition); Form 4 filed 2026-03-16 (timely).
• Award: 4,979 shares acquired on vesting (code A); Withholding/disposition: 1,960 shares at $68.53 (code F) for taxes, proceeds ≈ $134,319.
• Net new shares received: 3,019.
• Shares owned after the transaction: not explicitly listed on the filing; footnote indicates inclusion of previously reported shares.
• Relevant footnotes from the filing:
  • F1: Common stock acquired on vesting of previously granted RSUs.
  • F3: Common stock withheld as payment toward the tax liability incident to the vesting.
  • F2/F4: References to previously reported shares and previously reported RSUs.
• Filing timeliness: filing covers the 3/15/2026 vesting and was filed 3/16/2026 (appears timely).

Context

• This was an RSU vesting (award), not an open-market purchase or a stock-option exercise. The share disposal was a routine tax-withholding/cashless delivery to cover tax obligations and is common practice—does not by itself indicate a change in insider sentiment.
• Transaction codes: A = award/acquisition on vesting; F = shares withheld/disposed for tax liability.