RICHARDS GEOFFREY 4

What Happened

• Geoffrey Richards, Chief Operating Officer, Vacation Ownership at Travel & Leisure Co. (TNL), received an award of 33,566 restricted stock units (RSUs) on March 11, 2026. The RSUs were reported as an acquisition at $0.00 (grant value recorded as $0 on the Form 4). Each RSU converts to one share of common stock when it vests.

Key Details

• Transaction date and price: 2026-03-11; 33,566 RSUs @ $0.00 (grant).
• Vesting: RSUs vest in four equal installments on each of the first four anniversaries of March 15, 2026 (subject to continuous employment); 1 RSU = 1 share upon vesting.
• Holdings after transaction: the filing references previously reported RSUs and previously reported common stock, but does not disclose a single consolidated post-transaction total of shares beneficially owned.
• Filing timeliness: Form filed 2026-03-13 for a 2026-03-11 grant — appears timely (filed within two business days).

Context

• This was a compensation award (not an open-market purchase or sale). RSU grants are commonly used for retention and align pay with future company performance; they do not represent immediately tradable shares until they vest. The filing is factual and does not indicate any immediate cash proceeds or sales.