Vice Chairman Heyman sells 5,000 TRV shares in 4 transactions totaling $1.5M at $306.75 avg, retaining 259,590 shares
William H. Heyman, Vice Chairman of Travelers, executed 4 separate sales totaling 5,000 shares for $1,533,755.10 on February 20 and 23, 2026, reducing his position from 264,590 to 259,590 shares (-1.9%). The sales occurred near the current price of $305.43 and within 0.0% of the 52-week high, as the stock has appreciated +10.0% over the prior 30 days. Across Heyman's cross-ticker sell history, his prior 20 sales averaged a 90-day return of +2.2%, indicating his past sales have generally preceded further price appreciation; by contrast, his prior 3 measurable sales at TRV all showed positive 90-day returns, meaning none were well-timed at the 90-day mark. The sales represent a modest portfolio reduction of less than 2% of Heyman's TRV holdings and occur in the context of a company with strong fundamentals (P/E 9.22, $1.9B net income, $12.5B quarterly revenue).