RICKLES RONALD L 4

What Happened

• Ronald L. Rickles, a director of Travel & Leisure Co. (TNL), was granted 1,328 deferred stock units (transaction code A) on 2026-03-10. The filing reports an acquisition price of $0 and a reported value of $0 because these are deferred units tied to previously granted restricted stock units (RSUs).

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Security: Deferred stock units (issued on vesting of previously granted RSUs).
• Units granted: 1,328; reported acquisition price/value: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = deferred stock units plus accrued dividends issued on vesting; each unit entitles the holder to one share upon retirement/termination. F2 = includes previously reported deferred stock units. F3 = previously reported RSUs.

Context

• These deferred stock units are a form of compensation that will convert into common stock only after the director’s retirement or termination of board service, so they are not immediate open-market purchases or sales. Awards to directors are common and reflect compensation/vesting activity rather than a direct buy/sell signal.