AG˹ٷ

STOCK TITAN

[8-K] Travel + Leisure Co. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

On 05 Aug 2025, NRG Energy (NRG) filed a Form 4 disclosing that Executive Vice President Robert J. Gaudette automatically acquired 68 shares of common stock on 01 Aug 2025. The shares were received at $0 cost as dividend-equivalent rights (DERs) attached to previously granted deferred or restricted stock units (Transaction Code A). Following the accrual, Gaudette’s direct holdings rise to 64,725 shares; the footnote also references 951 additional DERs that can only be settled in NRG stock. The incremental addition represents less than 0.0002 % of NRG’s ~231 million shares outstanding and involves no open-market activity or cash consideration. As such, the filing is viewed as routine maintenance of equity-based compensation rather than a signal of insider sentiment or a material change in ownership.

Il 5 agosto 2025, NRG Energy (NRG) ha presentato un Modulo 4 comunicando che il Vice Presidente Esecutivo Robert J. Gaudette ha acquisito automaticamente 68 azioni ordinarie il 1° agosto 2025. Le azioni sono state ricevute a costo nullo come diritti equivalenti a dividendi (DER) collegati a unità di azioni differite o vincolate precedentemente assegnate (Codice Transazione A). Dopo questa acquisizione, le posizioni dirette di Gaudette salgono a 64.725 azioni; la nota a piè di pagina menziona anche 951 DER aggiuntivi che possono essere liquidati solo in azioni NRG. L'incremento rappresenta meno dello 0,0002% delle circa 231 milioni di azioni in circolazione di NRG e non comporta attività di mercato aperto né considerazione in denaro. Pertanto, la comunicazione è considerata una semplice operazione di mantenimento della compensazione basata su azioni e non un segnale di sentiment interno o un cambiamento significativo nella proprietà.

El 5 de agosto de 2025, NRG Energy (NRG) presentó un Formulario 4 informando que el Vicepresidente Ejecutivo Robert J. Gaudette adquirió automáticamente 68 acciones ordinarias el 1 de agosto de 2025. Las acciones se recibieron a un costo de $0 como derechos equivalentes a dividendos (DER) vinculados a unidades de acciones diferidas o restringidas previamente otorgadas (Código de Transacción A). Tras esta acumulación, las tenencias directas de Gaudette aumentan a 64,725 acciones; la nota al pie también menciona 951 DER adicionales que solo pueden liquidarse en acciones de NRG. Esta adición representa menos del 0.0002% de las aproximadamente 231 millones de acciones en circulación de NRG y no implica actividad en el mercado abierto ni consideración en efectivo. Por lo tanto, la presentación se considera un mantenimiento rutinario de la compensación basada en acciones y no una señal de sentimiento interno ni un cambio material en la propiedad.

2025� 8� 5�, NRG 에너지(NRG)� 부사장 로버� J. 고데�가 2025� 8� 1일에 68�� 보통주를 자동으로 취득했다� 신고하는 Form 4� 제출했습니다. 해당 주식은 이전� 부여된 이연 또는 제한 주식 단위� 부착된 배당� 등가 권리(DER)� 비용 없이 받았습니�(거래 코드 A). � 취득 � 고데트의 직접 보유 주식은 64,725주로 증가했으�, 각주에는 NRG 주식으로� 정산 가능한 추가 951 DER� 언급되어 있습니다. 이번 증가� NRG� � 2� 3,100� � � 0.0002% 미만� 해당하며, 공개 시장 거래� 현금 대가� 포함되지 않습니다. 따라� 이번 신고� 내부자의 심리 신호� 소유권의 중대� 변화가 아닌 주식 기반 보상 유지 차원� 일상적인 절차� 간주됩니�.

Le 5 août 2025, NRG Energy (NRG) a déposé un formulaire 4 révélant que le vice-président exécutif Robert J. Gaudette a automatiquement acquis 68 actions ordinaires le 1er août 2025. Les actions ont été reçues à coût nul sous forme de droits équivalents aux dividendes (DER) attachés à des unités d'actions différées ou restreintes précédemment attribuées (code de transaction A). Suite à cette attribution, les participations directes de Gaudette s'élèvent à 64 725 actions ; la note de bas de page mentionne également 951 DER supplémentaires qui ne peuvent être réglés qu'en actions NRG. Cette augmentation représente moins de 0,0002 % des quelque 231 millions d'actions en circulation de NRG et n'implique aucune activité sur le marché ouvert ni contrepartie en espèces. Ainsi, ce dépôt est considéré comme un entretien routinier de la rémunération en actions plutôt que comme un signe de sentiment interne ou un changement significatif de propriété.

Am 5. August 2025 reichte NRG Energy (NRG) ein Formular 4 ein, in dem offengelegt wurde, dass der Executive Vice President Robert J. Gaudette am 1. August 2025 automatisch 68 Aktien des Stammkapitals erworben hat. Die Aktien wurden als Dividendenäquivalente Rechte (DERs) ohne Kosten erhalten, die an zuvor gewährte aufgeschobene oder eingeschränkte Aktieneinheiten gebunden sind (Transaktionscode A). Nach dieser Zuteilung steigen Gaudettes direkte Bestände auf 64.725 Aktien; die Fußnote verweist zudem auf 951 zusätzliche DERs, die ausschließlich in NRG-Aktien ausgeglichen werden können. Die zusätzliche Menge entspricht weniger als 0,0002 % der rund 231 Millionen ausstehenden NRG-Aktien und beinhaltet keine Transaktionen am offenen Markt oder Barzahlungen. Daher wird die Meldung als routinemäßige Pflege der aktienbasierten Vergütung betrachtet und nicht als Signal für Insider-Stimmung oder wesentliche Eigentumsänderungen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Immaterial 68-share DER accrual; routine Form 4, unlikely to move NRG valuation or governance narrative.

The transaction reflects standard quarterly crediting of dividend equivalents on equity awards, not an elective purchase. At $0 consideration and an ownership change of only 68 shares, the economic impact is negligible. Gaudette’s total stake remains modest relative to NRG’s market float, and no derivatives or sales were reported. Investors should treat the filing as compliance-driven disclosure with neutral impact on outlook and insider sentiment.

Il 5 agosto 2025, NRG Energy (NRG) ha presentato un Modulo 4 comunicando che il Vice Presidente Esecutivo Robert J. Gaudette ha acquisito automaticamente 68 azioni ordinarie il 1° agosto 2025. Le azioni sono state ricevute a costo nullo come diritti equivalenti a dividendi (DER) collegati a unità di azioni differite o vincolate precedentemente assegnate (Codice Transazione A). Dopo questa acquisizione, le posizioni dirette di Gaudette salgono a 64.725 azioni; la nota a piè di pagina menziona anche 951 DER aggiuntivi che possono essere liquidati solo in azioni NRG. L'incremento rappresenta meno dello 0,0002% delle circa 231 milioni di azioni in circolazione di NRG e non comporta attività di mercato aperto né considerazione in denaro. Pertanto, la comunicazione è considerata una semplice operazione di mantenimento della compensazione basata su azioni e non un segnale di sentiment interno o un cambiamento significativo nella proprietà.

El 5 de agosto de 2025, NRG Energy (NRG) presentó un Formulario 4 informando que el Vicepresidente Ejecutivo Robert J. Gaudette adquirió automáticamente 68 acciones ordinarias el 1 de agosto de 2025. Las acciones se recibieron a un costo de $0 como derechos equivalentes a dividendos (DER) vinculados a unidades de acciones diferidas o restringidas previamente otorgadas (Código de Transacción A). Tras esta acumulación, las tenencias directas de Gaudette aumentan a 64,725 acciones; la nota al pie también menciona 951 DER adicionales que solo pueden liquidarse en acciones de NRG. Esta adición representa menos del 0.0002% de las aproximadamente 231 millones de acciones en circulación de NRG y no implica actividad en el mercado abierto ni consideración en efectivo. Por lo tanto, la presentación se considera un mantenimiento rutinario de la compensación basada en acciones y no una señal de sentimiento interno ni un cambio material en la propiedad.

2025� 8� 5�, NRG 에너지(NRG)� 부사장 로버� J. 고데�가 2025� 8� 1일에 68�� 보통주를 자동으로 취득했다� 신고하는 Form 4� 제출했습니다. 해당 주식은 이전� 부여된 이연 또는 제한 주식 단위� 부착된 배당� 등가 권리(DER)� 비용 없이 받았습니�(거래 코드 A). � 취득 � 고데트의 직접 보유 주식은 64,725주로 증가했으�, 각주에는 NRG 주식으로� 정산 가능한 추가 951 DER� 언급되어 있습니다. 이번 증가� NRG� � 2� 3,100� � � 0.0002% 미만� 해당하며, 공개 시장 거래� 현금 대가� 포함되지 않습니다. 따라� 이번 신고� 내부자의 심리 신호� 소유권의 중대� 변화가 아닌 주식 기반 보상 유지 차원� 일상적인 절차� 간주됩니�.

Le 5 août 2025, NRG Energy (NRG) a déposé un formulaire 4 révélant que le vice-président exécutif Robert J. Gaudette a automatiquement acquis 68 actions ordinaires le 1er août 2025. Les actions ont été reçues à coût nul sous forme de droits équivalents aux dividendes (DER) attachés à des unités d'actions différées ou restreintes précédemment attribuées (code de transaction A). Suite à cette attribution, les participations directes de Gaudette s'élèvent à 64 725 actions ; la note de bas de page mentionne également 951 DER supplémentaires qui ne peuvent être réglés qu'en actions NRG. Cette augmentation représente moins de 0,0002 % des quelque 231 millions d'actions en circulation de NRG et n'implique aucune activité sur le marché ouvert ni contrepartie en espèces. Ainsi, ce dépôt est considéré comme un entretien routinier de la rémunération en actions plutôt que comme un signe de sentiment interne ou un changement significatif de propriété.

Am 5. August 2025 reichte NRG Energy (NRG) ein Formular 4 ein, in dem offengelegt wurde, dass der Executive Vice President Robert J. Gaudette am 1. August 2025 automatisch 68 Aktien des Stammkapitals erworben hat. Die Aktien wurden als Dividendenäquivalente Rechte (DERs) ohne Kosten erhalten, die an zuvor gewährte aufgeschobene oder eingeschränkte Aktieneinheiten gebunden sind (Transaktionscode A). Nach dieser Zuteilung steigen Gaudettes direkte Bestände auf 64.725 Aktien; die Fußnote verweist zudem auf 951 zusätzliche DERs, die ausschließlich in NRG-Aktien ausgeglichen werden können. Die zusätzliche Menge entspricht weniger als 0,0002 % der rund 231 Millionen ausstehenden NRG-Aktien und beinhaltet keine Transaktionen am offenen Markt oder Barzahlungen. Daher wird die Meldung als routinemäßige Pflege der aktienbasierten Vergütung betrachtet und nicht als Signal für Insider-Stimmung oder wesentliche Eigentumsänderungen.

FALSE0001361658Travel & Leisure Co.00013616582025-08-052025-08-05



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 5, 2025
Travel + Leisure Co.
(Exact name of registrant as specified in its charter)
Delaware
001-32876
20-0052541
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
6277 Sea Harbor Drive
Orlando
Florida
32821
(Address of Principal Executive Offices)

(Zip Code)

(407)
626-5200
(Registrant’s telephone number, including area code)
None
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, $0.01 par value per share
TNL
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01.     Other Events.
On August 5, 2025, Travel + Leisure Co. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with BofA Securities, Inc., as representative of the several initial purchasers named in Schedule II thereto (collectively, the “Initial Purchasers”), in connection with the offer and sale of $500 million aggregate principal amount of the Company’s 6.125% senior secured notes due 2033 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be “qualified institutional buyers” in the United States, as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act.
The Purchase Agreement contains customary representations, warranties and covenants by the Company, together with customary closing conditions. Under the terms of the Purchase Agreement, the Company has agreed to indemnify the Initial Purchasers against certain liabilities. The Offering is expected to close on August 19, 2025, in accordance with the terms of the Purchase Agreement.
The Company intends to use the net proceeds of this Offering to redeem all of the Company’s outstanding 6.60% secured notes due October 2025 (“the 2025 Notes”), towards repayment of outstanding borrowings under our secured revolving credit facility due June 2030, to pay the fees and expenses incurred in connection with the Offering and, to the extent there are any remaining proceeds, for general corporate purposes which may include future debt paydowns.
On August 5, 2025, the Company issued a notice of conditional redemption in respect of up to all $350 million of its outstanding 2025 Notes to be redeemed on September 4, 2025. The redemption of the 2025 Notes is conditioned upon the consummation of the Offering.
This Current Report on Form 8-K shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offer, or solicitation to buy, if at all, will be made only by means of a confidential offering memorandum. This Current Report on Form 8-K does not constitute a notice of redemption of the 2025 Notes.
A copy of the press release announcing the launch of the Offering is attached hereto as Exhibit 99.1 and a copy of the press release announcing the pricing of the Notes is attached hereto as Exhibit 99.2 and each is incorporated by reference herein.

Item 9.01.    Financial Statements and Exhibits.
d) Exhibits. The following exhibit is furnished with this report:


Exhibit No.Description
99.1
Press Release of Travel + Leisure Co. to Announce the Offering Launch, dated August 5, 2025.
99.2
Press Release of Travel + Leisure Co. to Announce the Offering Pricing, dated August 5, 2025.
104Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document)





SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 TRAVEL + LEISURE CO.
  
 
By: /s/ Thomas M. Duncan
 Name: Thomas M. Duncan
 Title: Chief Accounting Officer
 
Date: August 5, 2025


FAQ

How many NRG shares did Robert Gaudette acquire in the latest Form 4?

The filing shows an acquisition of 68 shares on 01 Aug 2025 through dividend-equivalent rights.

What is Gaudette’s total NRG share ownership after the transaction?

After the accrual, he directly owns 64,725 shares, plus 951 dividend-equivalent rights tied to equity awards.

Was the transaction an open-market purchase?

No. The shares were credited at $0 cost as part of routine dividend-equivalent adjustments, not bought on the market.

What does Transaction Code "A" signify on Form 4?

Code "A" indicates an acquisition of securities, in this case via automatic dividend-equivalent rights.

Does this insider filing signal bullish sentiment for NRG (NRG)?

Likely not; the transaction is routine and immaterial, so it offers no meaningful insight into insider sentiment.
Travel+Leisure Co

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Travel Services
Hotels & Motels
United States
ORLANDO