TNLTravel & Leisure Co. · Insider ownership research

Travel & Leisure Co. insiders sold $40.2M in the past 12 months. How much of their stake is that?

25% was sold under disclosed trading plans, 75% with no plan disclosed. The largest seller, Geoffrey Richards (Chief Operating Officer, Vacation Ownership), sold $9.2M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026

1

buyer among officers and directors (1 trade), past 12 months

25%

of sales were under disclosed trading plans, past 12 months

10 of 17

officers and directors sold shares, past 12 months

Is this normal? More than usual: about 3x the 5-year average. 10 insiders sold; the average is 5 a year. Year by year

Latest filing: Filed Aug 27 for a sale on Aug 26. Thomas Duncan sold 20K shares ($1.5M) with no plan disclosed. Filing

SEC ownership filings: 88 filed in the 12 months to Oct 16, 2026; 1,641 on record since Jul 13, 2006 · See the evidence

What stands out

Six officers sold $29.2M with no disclosed plan: Geoffrey Richards ($9.1M), Jeffrey Myers ($7.9M) and Kimberly Marshall ($4.4M), plus 3 more. The filings don't state a reason.Geoffrey Richards: largest such sale, Jul 27, 2026 · Jeffrey Myers: largest such sale, Oct 27, 2025 · Kimberly Marshall: largest such sale, Jul 23, 2026

Erik Hoag bought 1K shares for $66K, first on Apr 23, 2026.Purchase, Apr 23, 2026

A share of stake is shown for 0 of the 10 officers and directors who sold. 17 are left out

i

Left out: Stephen Holmes, Michael Brown, Geoffrey Richards, Jeffrey Myers, Erik Hoag, James Savina, Kimberly Marshall, Sy Esfahani, Thomas Duncan, Amandine Robin-Caplan, Lucinda Martinez, James Buckman, Denny Post, Michael Wargotz, George Herrera, Louise Brady and Ronald Rickles (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Geoffrey Richards

Chief Operating Officer, Vacation Ownership

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$9.2M1% planned 99% no plan disclosed

Michael Brown

President & Chief Financial Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$9.0MDisclosed plan

Jeffrey Myers

Chief Sales and Marketing Officer, Vacation Ownership

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$7.9MNo plan disclosed

Kimberly Marshall

Chief Human Resources Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$5.5M20% planned 80% no plan disclosed

Sy Esfahani

Chief Technology Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$4.1MNo plan disclosed

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 26, 2026Thomas Duncan sold 20K shares ($1.5M) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Thomas Duncan SVP, Chief Accounting Officer	20,000	$74.16	n/a	n/a	Aug 26, 2026	Aug 27, 2026

Common questions

Why are Travel & Leisure Co. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 25% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 75% had no disclosed plan. A trading plan schedules sales in advance.

Are any Travel & Leisure Co. insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold10 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Geoffrey Richards Chief Operating Officer, Vacation Ownership	$9.2M 135K shares	Not confirmed share of stake is being verified. Why	1% under a disclosed plan 99% no plan disclosed
Michael Brown President & Chief Financial Officer, Director	$9.0M 119K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Jeffrey Myers Chief Sales and Marketing Officer, Vacation Ownership	$7.9M 113K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Kimberly Marshall Chief Human Resources Officer	$5.5M 77K shares	Not confirmed share of stake is being verified. Why	20% under a disclosed plan 80% no plan disclosed
Sy Esfahani Chief Technology Officer	$4.1M 53K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
James Savina General Counsel and Corporate Secretary	$2.2M 32K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Thomas Duncan SVP, Chief Accounting Officer	$1.5M 20K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Amandine Robin-Caplan Chief Brand and Communications Officer	$391K 5.4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
George Herrera Director	$284K 4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Denny Post Director	$160K 2.5K shares	Not confirmed share of stake is being verified. Why	No plan disclosed

The full ownership picture0 of 17 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 16, 2025

Sold

Held Oct 16, 2026

Still held

Stephen Holmes

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Stephen Holmes are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Stephen Holmes

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Holmes are complete; balances and unit counts will be added when the check is finished.

−15Kgifted (net of own trusts)

Michael Brown

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Michael Brown are complete.

President & Chief Financial Officer, Director

n/a

−119K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Michael Brown

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Brown are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−11Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
19,976	$44.38	Mar 7, 2029	$595K

Estimate: options held × ($74.16 − strike price), using the most recent insider trade price on Form 4 (Aug 26, 2026), not a market close.

Geoffrey Richards

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Geoffrey Richards are complete.

Chief Operating Officer, Vacation Ownership

n/a

−135K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Geoffrey Richards

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Geoffrey Richards are complete; balances and unit counts will be added when the check is finished.

−4.3Kgifted (net of own trusts)

−5.2Kwithheld by the company for taxes

Jeffrey Myers

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Jeffrey Myers are complete.

Chief Sales and Marketing Officer, Vacation Ownership

n/a

−113K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Jeffrey Myers

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Myers are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−5.2Kwithheld by the company for taxes

Erik Hoag

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Erik Hoag are complete.

Chief Financial Officer

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Erik Hoag

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Erik Hoag are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−9.7Kwithheld by the company for taxes

James Savina

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for James Savina are complete.

General Counsel and Corporate Secretary

n/a

−32K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for James Savina

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Savina are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−2.9Kwithheld by the company for taxes

Kimberly Marshall

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Kimberly Marshall are complete.

Chief Human Resources Officer

n/a

−77K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Kimberly Marshall

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kimberly Marshall are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−2.3Kwithheld by the company for taxes

Sy Esfahani

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Sy Esfahani are complete.

Chief Technology Officer

n/a

−53K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Sy Esfahani

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sy Esfahani are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−2Kwithheld by the company for taxes

Thomas Duncan

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Thomas Duncan are complete.

SVP, Chief Accounting Officer

n/a

−20K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Thomas Duncan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Duncan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−638withheld by the company for taxes

Amandine Robin-Caplan

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Amandine Robin-Caplan are complete.

Chief Brand and Communications Officer

n/a

−5.4K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Amandine Robin-Caplan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Amandine Robin-Caplan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−4.3Kwithheld by the company for taxes

Lucinda Martinez

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Lucinda Martinez are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Lucinda Martinez

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lucinda Martinez are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

James Buckman

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for James Buckman are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for James Buckman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Buckman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Denny Post

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Denny Post are complete.

Director

n/a

−2.5K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Denny Post

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Denny Post are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Michael Wargotz

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Michael Wargotz are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Michael Wargotz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Wargotz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

George Herrera

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for George Herrera are complete.

Director

n/a

−4K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for George Herrera

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for George Herrera are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Louise Brady

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Louise Brady are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Louise Brady

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Louise Brady are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Ronald Rickles

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Ronald Rickles are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Ronald Rickles

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ronald Rickles are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Travel & Leisure Co. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$40.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $40.2M across 560,512 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $10.1M · 25%

75%

The lighter segment is sales with no plan disclosed in the filing ($30.0M), including tax-related sales outside a plan.

No plan disclosed · $30.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $9.1M of it is Geoffrey Richards. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Sy Esfahani, Aug 4, 2026

Taxes

43,653 shares ($3.0M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 17 purchase trades.

Charitable gifts · 19K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Geoffrey Richards Chief Operating Officer, Vacation Ownership	135K	$9.2M	1%	23%	Oct 22, 2025 to Jul 27, 2026
Michael Brown President & Chief Financial Officer, Director	119K	$9.0M	100%	22%	Feb 23, 2026 to Aug 6, 2026
Jeffrey Myers Chief Sales and Marketing Officer, Vacation Ownership	113K	$7.9M	0%	20%	Oct 23, 2025 to Aug 4, 2026
Kimberly Marshall Chief Human Resources Officer	77K	$5.5M	20%	14%	Oct 22, 2025 to Jul 23, 2026
Sy Esfahani Chief Technology Officer	53K	$4.1M	0%	10%	Aug 4, 2026 to Aug 4, 2026
James Savina General Counsel and Corporate Secretary	32K	$2.2M	0%	6%	Mar 17, 2026 to Mar 17, 2026
Thomas Duncan SVP, Chief Accounting Officer	20K	$1.5M	0%	4%	Aug 26, 2026 to Aug 26, 2026
Amandine Robin-Caplan Chief Brand and Communications Officer	5.4K	$391K	0%	1.0%	Oct 24, 2025 to Feb 20, 2026
George Herrera Director	4K	$284K	0%	0.7%	Nov 25, 2025 to Jun 16, 2026
Denny Post Director	2.5K	$160K	0%	0.4%	May 14, 2026 to May 14, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$8.3M	$1.2M	$0	$7.2M
Nov 2025	$4.7M	$0	$0	$4.7M
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$7.2M	$6.9M	$0	$291K
Mar 2026	$2.4M	$0	$0	$2.4M
Apr 2026	$1.7M	$1.7M	$0	$0
May 2026	$160K	$0	$0	$160K
Jun 2026	$2.0M	$0	$0	$2.0M
Jul 2026	$5.0M	$0	$0	$5.0M
Aug 2026	$8.6M	$345K	$0	$8.2M
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 3x the 5-year average. 10 insiders sold; the average is 5 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 16, 2026 Latest 12 months	561K	10	$40.2M
Oct 16, 2025 1 year earlier	552K	8	$32.3M
Oct 16, 2024 2 years earlier	52K	4	$2.2M
Oct 17, 2023 3 years earlier	36K	4	$1.4M
Oct 17, 2022 4 years earlier	28K	4	$1.5M
Oct 17, 2021 5 years earlier	246K	3	$14.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty17 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Travel & Leisure Co. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,641 filings on record, 88 filed in the 12-month period, and how we read them

All 1,641 Forms 3, 4 and 5 on record for Travel & Leisure Co. (SEC CIK 1361658), filed from Jul 13, 2006 to Aug 27, 2026; 88 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 1 filing was left out because Travel & Leisure Co. filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (25)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Michael Hug	Mar 18, 2025	88,492 shares, last reported balance as of Mar 15, 2025
Olivier Chavy	Dec 12, 2023	101,260 shares, last reported balance as of Dec 12, 2023
Elizabeth Dreyer	Jun 3, 2022	13,249 shares, last reported balance as of Jun 1, 2022
Noah Brodsky	Mar 14, 2022	89,415 shares, last reported balance as of Mar 10, 2022
Brad Dettmer	Jun 3, 2020	26,893 shares, last reported balance as of Jun 1, 2020
Mary Clark	Dec 18, 2018	19,168 shares, last reported balance as of Nov 30, 2018
Barry Robinson	Dec 18, 2018	40,299 shares, last reported balance as of Nov 30, 2018
Gordon Gurnik	Dec 18, 2018	48,783 shares, last reported balance as of Nov 30, 2018
Pauline Richards	May 7, 2018	2,304 shares, last reported balance as of May 3, 2018
Brian Mulroney	May 7, 2018	6,721 shares, last reported balance as of May 3, 2018
Myra Biblowit	May 7, 2018	5,362 shares, last reported balance as of May 3, 2018
Nicola Rossi	Mar 9, 2018	250 shares, last reported balance as of Mar 6, 2018
Geoffrey Ballotti	Mar 6, 2018	65,130 shares, last reported balance as of Mar 6, 2018
Scott McLester	Mar 5, 2018	34,309 shares, last reported balance as of Mar 1, 2018
Mary Falvey	Mar 5, 2018	42,093 shares, last reported balance as of Mar 1, 2018
Gail Mandel	Mar 5, 2018	44,428 shares, last reported balance as of Mar 1, 2018
David Wyshner	Mar 5, 2018	588 shares, last reported balance as of Mar 1, 2018
Thomas Anderson	May 1, 2017	35,173 shares, last reported balance as of Apr 27, 2017
Thomas Conforti	Mar 6, 2017	87,760 shares, last reported balance as of Mar 3, 2017
Franz Hanning	Mar 1, 2016	120,010 shares, last reported balance as of Feb 28, 2016
Eric Danziger	Apr 1, 2014	22,995 shares, last reported balance as of Mar 28, 2014
Virginia Wilson	May 6, 2009	264,596 shares, last reported balance as of May 4, 2009
Steven Rudnitsky	May 6, 2008	122,495 shares, last reported balance as of May 2, 2008
Kenneth May	May 4, 2007	30,791 shares, last reported balance as of May 2, 2007
CENDANT CORP	Aug 2, 2006	No balance on record

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