Wargotz Michael H 4

What Happened Michael H. Wargotz, a director of Travel & Leisure Co. (TNL), was issued 1,328 shares as an award (transaction code A) on 2026-03-10. The reported acquisition price was $0.00, so the transaction shows no cash paid by the insider; the total reported value is $0. These units were issued on vesting of previously granted restricted stock units and are reported as deferred stock units.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Transaction type/code: Award/Grant (A); 1,328 shares acquired at $0.00; reported value $0.
• Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
• Footnotes:
  • F1: These are deferred stock units and accrued dividends issued upon vesting of prior RSUs; each unit entitles the holder to one share upon retirement or termination from the Board.
  • F2: Includes previously reported deferred stock units.
  • F3: Previously reported restricted stock units.

Context This filing reflects an award/vesting transaction typical of director compensation (deferred stock units), not an open-market purchase or sale. Deferred stock units generally convert to actual shares only upon the director’s retirement or departure, so this does not represent an immediate change in public float or a cash investment by the insider.