Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Feb 23, 2026
Reporting period
Not applicable
Filed with the SEC
Feb 25, 2026
DirectorOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references a pre-arranged trading plan (Rule 10b5-1)
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001691300-26-000004
Filed / recorded
Feb 25, 2026, 9:44 PM UTC
Added to OQRO
Oct 6, 2026, 9:11 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Travel & Leisure Co.
Issuer CIK
1361658
Ticker
TNL
Reporting person
Michael Dean Brown
Relationship
Director, Officer
Officer title
See Remarks
Security
Stock Options (right to buy)
Table
Derivative (Table II)
Transaction date
Feb 23, 2026
Transaction code
M
Shares / units
66,860
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
72,338
Ownership form
Direct
Amendment
No
Footnotes from the filing
Option exercise and sale effectuated pursuant to a Rule 10b5-1 plan adopted November 25, 2025.
Stock options granted on March 7, 2019 under the Registrant's Equity and Incentive Plan. The options vested in four equal installments on each of the first four anniversaries of March 7, 2019.