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TNL Travel & Leisure Co. Insider Trading

Latest: Chief Human Resources Officer Sold $2.0M of Shares · Jun 2026

Multiple insiders have been active at Travel & Leisure Co. (TNL): 7 distinct insiders account for 3 buy filings and 14 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: Chief Human Resources Officer Kimberly Marshall sold $2.0M, transaction dated Jun 2026.

17 filings analyzed · Latest 2026-06-08

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Buys
3
Sells
14
Insiders
7
Direction
Net selling

Travel & Leisure Co. leadership

CEO
Michael D. Brown — CHIEF EXECUTIVE OFFICER
CFO
Erik Hoag — CHIEF FINANCIAL OFFICER
COO
Geoffrey Richards — Chief Operating Officer - Vacation Ownership
General Counsel
James Savina — General Counsel and Corporate Secretary
Chair
Stephen P. Holmes — Non-Executive Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a low insider sell (n ≈ 1,162, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-08
low
Chief Human Resources Officer
28,000 shares
$1,964,864
@ $70.17
Significance 4

TNL CHRO Kimberly Marshall sold 28,000 shares at $70.17 on 2026-06-04; post-transaction holdings 33,191 shares.

Kimberly Marshall, Chief Human Resources Officer, executed an open-market sale of 28,000 shares for $1,964,863.60 on 2026-06-04, reducing her holdings by 45.8% from 61,191 to 33,191 shares. At the transaction price of $70.17, the sale occurred 12.1% below the 52-week high of $81.00 and at a discount to the current price of $71.20. Examining Marshall's prior transaction history at TNL, her two previous sales on 2025-10-22 and 2025-07-23 produced 90-day returns of +7.5% and +1.1% respectively—neither capturing downside—indicating a pattern of selling ahead of subsequent stock appreciation rather than before declines. This current sale follows the established pattern at this ticker and does not align with a timing pattern that has historically preceded pullbacks.

April 2026
2026-04-23
low
Chief Financial Officer
1,000 shares
$65,670
@ $65.67
Significance 5

CFO Erik D. Hoag purchases 1,000 shares of TNL at $65.67; initial stake after prior zero holdings

Erik D. Hoag, Chief Financial Officer, made an initial purchase of 1,000 shares (1.0K shares) at $65.67 on 2026-04-23, establishing a position from zero prior holdings. The transaction occurred when TNL was trading near mid-range of its 52-week window ($40.82–$78.74) and has since declined 7.9% over 30 days and 6.7% over 90 days, leaving the current price of $65.14 modestly below the purchase price. TNL's fundamentals show quarterly revenue of $961.0M, net income of $79.0M, annual growth of +4.1%, and a P/E of 17.23, suggesting a moderately valued established business. The small initial position size and lack of prior holdings provide limited evidence of deliberate accumulation intent.

March 2026
2026-03-19
medium
See Remarks
31,596 shares
$2,223,726
@ $70.38
Significance 4

Savina James J sold 31.6K shares (31,596 shares) of TNL at $70.38, liquidating entire position for $2.2M.

Savina James J liquidated a complete stake of 31,596 shares in Travel & Leisure Co. at $70.38 on 2026-03-17, reducing holdings from 31.6K shares to 0. At the same-ticker level, his prior two sales at TNL showed mixed timing: one in 2025-07-24 with +12.4% 90d return (poorly timed, as stock rose after the sale) and one in 2025-02-24 with -14.6% 90d return (well-timed, as stock fell after). The full exit occurs while TNL trades at $70.35, near mid-range in its 52-week band ($38.78–$77.19), suggesting neither panic selling into a depressed price nor a strategic exit at peak. The cross-ticker track record shows modest predictive accuracy (50.00% well-timed rate across 2 prior sells) with average 90d returns of -1.1%, offering limited directional signal about this specific transaction.

February 2026
2026-02-25 10b5-1 Plan
low
See Remarks
92,798 shares
$6,891,332
@ $74.26
Significance 4

TNL insider Brown Michael Dean sold 92,798 shares for $6,891,332.27 via scheduled 10b5-1 plan (adopted 2025-11-25).

Brown Michael Dean executed 5 separate sales totaling 92,798 shares for $6,891,332.27 on 2026-02-23 and 2026-02-24, reducing holdings from 520,619 to 427,821 shares. The transactions occurred under a pre-arranged 10b5-1 trading plan adopted on 2025-11-25, meaning the sales were scheduled and not discretionary. The blended average sale price across the five transactions was $74.26 per share. Post-transaction, Dean retains 427,821 shares in Travel & Leisure Co., indicating material ongoing equity ownership despite the 17.8% reduction in holdings.

November 2025
2025-11-26
medium
See Remarks
62,525 shares
$4,075,036
@ $65.17
Significance 5

Geoffrey Richards sells 62,525 shares at $65.17 avg for $4.1M, reducing TNL stake by 61.2% to 39,604 shares

Richards executed 2 separate sales totaling 62,525 shares for $4,075,035.73 on 2025-11-24, reducing his holdings from 102,129 to 39,604 shares. The sale price of $65.17 blended average is 4.5% below the current price of $68.35 and well within the 52-week range of $38.78–$69.91. At the same ticker (TNL), Richards' 2 prior sells showed mixed timing: a 2025-07-25 sale achieved a +4.1% 90-day return (stock rose after the sale), while his 2025-10-27 sale is not yet measurable at 90 days. His cross-ticker track record across all tickers shows 0.00% well-timed rate on 2 prior sells, with an average 90-day return of +4.1%, indicating his previous sales were followed by stock gains rather than declines. The company trades at a P/E of 10.73 with $1.0B in revenue and $111.0M net income.

October 2025
2025-10-28
medium
See Remarks
26,838 shares
$1,772,803
@ $66.06
Significance 4

Geoffrey Richards sold 26,838 TNL shares at $66.06 ($1.8M) on 2025-10-27; stock is down 7.5% from 52-week high.

Geoffrey Richards sold 26,838 shares (19.2% of his pre-transaction holdings) at $66.06 per share, reducing his position to 112,777 shares. The sale occurred near the upper end of the 52-week range ($38.78–$69.91), with the stock currently at $64.65 and down 7.5% from its 52-week high. His cross-ticker track record shows 1 prior sell with an average 90-day return of +4.1%, indicating that sale was poorly timed—the stock rose after he sold. At Travel & Leisure specifically, his prior sale on 2025-07-25 showed the same pattern: a 90-day return of +4.1%, meaning this insider has not demonstrated well-timed sell execution at this ticker (0 of 1 prior sells were well-timed at the 90-day mark). The company's fundamentals remain solid: P/E of 10.15, net income of $111.0M on $1.0B quarterly revenue, and annual revenue growth of +3.0%, providing no obvious catalyst for the sale.

2025-10-27
medium
See Remarks
78,764 shares
$5,239,484
@ $66.52
Significance 5

Myers sold 78.8K TNL shares for $5.2M across 4 transactions on Oct 23–27, reducing holdings -55.3% to 63.8K shares.

MYERS JEFFREY executed 4 separate sales totaling 78,764 shares for $5,239,483.88 at prices ranging from $66.16 to $69.43, with a final block of 50,000 shares at $66.38 on Oct 27. This represents a substantial reduction in his position—55.3% fewer shares than his pre-transaction holdings of 142,553 shares. The sales occurred near the upper end of the stock's 52-week range ($38.78–$69.91), currently trading at $65.80, -5.9% from the high. His prior sells at TNL (4 trades in July 2025) all showed positive 90-day returns, meaning the stock subsequently rose after each sale—a pattern of poorly-timed exits. With TNL trading at a low P/E of 10.33 on solid fundamentals (net income $111,000,000.00 against revenue $1,044,000,000.00), this large liquidation stands out given his historical misalignment with local price peaks. Investors should monitor whether this multi-month pattern of selling into strength reverses or continues.

2025-10-23 10b5-1 Plan
medium
Chief Human Resources Officer
16,500 shares
$1,072,500
@ $65.00
Significance 4

TNL CHRO Kimberly Marshall sold 16,500 shares ($1.1M) at $65.00; down 29.1% from pre-transaction holdings of 56,736.

Kimberly Marshall, Chief Human Resources Officer of Travel & Leisure Co., executed an open-market sale of 16,500 shares on 2025-10-22 at $65.00 per share, reducing her holdings from 56,736 to 40,236 shares. This represents a substantial 29.1% reduction in her position. Marshall's cross-ticker track record shows 1 prior open-market sale with an average 90-day return of +1.1%, and her same-ticker history at TNL (1 prior sale on 2025-07-23) returned +1.1% over 90 days, indicating her prior sales at this ticker have not preceded price declines. The transaction occurs at $65.00, which is 6.8% below the 52-week high of $69.91 and 5.7% below the current price of $65.14. No scheduling flags or material explanations are disclosed that would reframe this sale as portfolio-level rebalancing or liquidity-driven activity unrelated to current valuations.

August 2025
2025-08-01
high
See Remarks
1,500 shares
$87,585
@ $58.39
Significance 6

Brown Michael Dean bought 1,500 shares of TNL at $58.39; insider's 2 prior TNL buys both posted +7.1%–+21.0% gains within 90 days.

Brown Michael Dean purchased 1,500 shares at $58.39 on 2025-08-01, increasing his holdings to 427,821 shares—a modest 0.4% addition to his existing position. His cross-ticker track record shows 2 prior buys with an average 90-day return of +14.0% and a 100.00% win rate. More specifically, his prior trades at TNL demonstrate a pattern of well-timed accumulation: his March 2025 buy returned +7.1% over 90 days, and his October 2023 buy returned +21.0% over 90 days. At the current price of $58.41, the stock is trading -7.6% from its 52-week high of $63.18 and up +4.5% over the past 30 days and +23.6% over 90 days. The company's valuation remains modest at a P/E of 9.54 with $1.0B in quarterly revenue and $108.0M in net income. This buy occurs within a pattern of consistent insider accumulation at this ticker, warranting observation of whether near-term price action repeats the insider's historical timing accuracy.

July 2025
2025-07-28
high
See Remarks
124,454 shares
$7,785,606
@ $62.56
Significance 6

Geoffrey Richards sells 124.5K TNL shares (51.2% of holdings) at $62.56; stock at 52-week high.

Geoffrey Richards sold 124,454 shares of Travel & Leisure Co. at $62.56, reducing his holdings from 243,172 shares to 118,718 shares—a 51.2% reduction in his position. The transaction occurred at a price just 0.4% below the 52-week high of $63.18, and the stock has appreciated 21.3% over the past 30 days and 42.4% over 90 days. The company trades at a P/E of 10.29 with $1.0B in latest quarterly revenue and a $4.1B market cap. The scale and timing of this sale—executed near all-time highs following sustained gains—signals a significant reduction in Richards' stake in the company.

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