Duncan Thomas Michael 4

What Happened Duncan Thomas Michael, Senior Vice President and Chief Accounting Officer of Travel & Leisure Co. (TNL), was granted 2,622 restricted stock units (RSUs) on March 11, 2026. The award was reported as an acquisition at $0.00 (non‑cash award). Each vested RSU converts to one share of common stock when it vests.

Key Details

• Transaction date: 2026-03-11; filing date: 2026-03-13 (timely filed, within typical Form 4 reporting window).
• Transaction type/code: Award/Grant (A); shares acquired: 2,622; reported price: $0.00 (RSU grant).
• Vesting: Four equal installments on each of the first four anniversaries of March 15, 2026, subject to continuous employment (one share per vested RSU).
• Shares owned after transaction: not specified in the provided filing. Footnotes indicate the grant "includes previously reported shares of restricted stock units" (F2) and "previously reported shares of common stock" (F3).
• Footnote summary: F1 describes the RSU grant and vesting schedule; F2/F3 refer to previously reported holdings.

Context RSU grants are a standard long‑term incentive and do not involve cash outlay by the insider. Because vesting is tied to continued employment, these awards are retention‑based rather than a direct market purchase or sale signal.