Brady Louise F. 4

What Happened Brady Louise F., a director of Travel & Leisure Co. (TNL), received an award of 1,328 shares classified as a grant/award (code A) on 2026-03-10. The Form 4 reports the acquisition price as $0.00 and total reported value as $0 because these are deferred stock units issued on vesting of previously granted restricted stock units.

Key Details

• Transaction date: 2026-03-10; filing date (Accession 0001690498-26-000004): 2026-03-12 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares/units: 1,328 deferred stock units; reported acquisition price $0.00 (total $0).
• Shares owned after transaction: Not specified in the provided Form 4 summary.
• Footnotes: F1 = deferred stock units and accrued dividends issued on vesting of previously-granted RSUs; each DSU converts to one share upon the director’s retirement or termination. F2 notes inclusion of previously reported DSUs; F3 references previously reported RSUs.
• No indication of a 10b5-1 plan, cashless sale, or tax-withholding sale in the provided details.

Context These are deferred stock units that represent a claim to future shares (not immediate open-market purchases or sales). Such awards are common for directors and are administrative/compensation events rather than direct market bets; the reported $0 acquisition reflects the form of the award rather than a cash purchase.