Savina James J 4

What Happened

• Savina James J, General Counsel and Corporate Secretary of Travel & Leisure Co. (TNL), reported an open‑market/private sale of 31,596 shares on March 17, 2026. The filing shows a weighted average sale price of $70.38, for proceeds of approximately $2,223,726. The sale was reported on a timely Form 4 filed March 19, 2026.

Key Details

• Transaction date: 2026-03-17
• Transaction type/code: Sale (S) — reported as open market or private sale
• Shares sold: 31,596 at a weighted average price of $70.38 (range $69.97–$70.54)
• Total proceeds: ~$2,223,726
• Shares owned after transaction: Not disclosed in this filing (footnote indicates previously reported common stock/RSUs)
• Notable footnotes: F1 = previously reported common stock; F2 = weighted average price with per‑trade range (reporting person will provide breakdown on request); F3 = previously reported restricted stock units
• Filing timeliness: Filed within the standard reporting window (timely)

Context

• This was a sale, which is often routine (e.g., diversification or tax reasons); the filing provides no plan code (e.g., 10b5‑1) or explanation for the sale. The insider is an executive officer but the filing does not identify a 10% ownership status. For retail investors, purchases typically carry stronger direct signals than routine insider sales; this report documents a sizable divestiture by a senior officer but does not, on its face, indicate company‑specific insider confidence or concern.