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# Travelers CEO Alan Schnitzer Files To Sell 88,900 TRV Shares Worth $35.3 Million
- URL: https://www.bullished.co/travelers-ceo-alan-schnitzer-files-to-sell-88-900-trv-shares-worth-35-3-million-b73b0bc4/
- Published: 2026-10-21T20:11:03.000Z
- Updated: 2026-10-21T20:11:03.000Z
- Description: The planned sale covers shares from a cash option exercise, with the sale date listed as October 21 on the form.
- Author: Matteo Parrino
- Tags: Insider Trades, TRV, Industry: Financials

Travelers Chairman and CEO Alan D Schnitzer filed a [Form 144](https://www.sec.gov/Archives/edgar/data/0001397350/000195917326007441/xsl144X01/primary%5Fdoc.xml?ref=bullished.co), a notice of a planned sale, covering 88,900 shares of [TRV](https://www.bullished.co/tag/trv/) common stock, valued in the filing at $35.3 million. The form lists 10/21/2026 as the approximate sale date and was filed Wednesday.

## What the filing says

The shares come from a stock option exercise on 10/21/2026, paid for in cash, according to the filing. Fidelity Brokerage Services LLC is named as the broker.

The form states no per-share price for the proposed transaction and does not say how many shares Schnitzer will hold afterward.

The $35.3 million figure is the filing's valuation of a proposed sale. A planned sale is not a completed one.

## Where the stock stands

Market data show TRV up 36.4% this year and 49.2% over 12 months as of Tuesday's close, within 5% of its 52-week high of $398.69\. Shares closed Wednesday at $398.95.

Schnitzer led Travelers' third-quarter earnings call, where he told analysts [profitability was excellent](https://finance.yahoo.com/markets/stocks/articles/trv-q3-deep-dive-underwriting-090455221.html?ref=bullished.co) on both a reported and underlying basis. Adjusted earnings of $9.18 per share [topped](https://finance.yahoo.com/markets/stocks/articles/travelers-q3-earnings-call-top-080855770.html?ref=bullished.co) analyst estimates cited in that coverage, and management reaffirmed confidence in its underwriting income level when pressed on sustainability.

## What to watch

A later ownership filing would show whether the sale was carried out on or after the form's approximate date of 10/21/2026.

Travelers' record third-quarter pretax net investment income was $1.098 billion, up 6% from a year earlier, according to Zacks coverage on Yahoo Finance.

### Sources

- [Form 144 — Alan D Schnitzer (TRV)](https://www.sec.gov/Archives/edgar/data/0001397350/000195917326007441/xsl144X01/primary%5Fdoc.xml?ref=bullished.co) — SEC EDGAR
- [Travelers’s Q3 Earnings Call: Our Top 5 Analyst Questions](https://finance.yahoo.com/markets/stocks/articles/travelers-q3-earnings-call-top-080855770.html?ref=bullished.co) — Yahoo Finance
- [TRV Q3 Earnings Call Highlights Underwriting Strength and 2027 Outlook](https://finance.yahoo.com/markets/stocks/articles/trv-q3-earnings-call-highlights-121000513.html?ref=bullished.co) — Yahoo Finance
- [TRV Q3 Deep Dive: Underwriting and Investment Strength Drive Stable Results](https://finance.yahoo.com/markets/stocks/articles/trv-q3-deep-dive-underwriting-090455221.html?ref=bullished.co) — Yahoo Finance

### More on Travelers Companies

- [Travelers CEO Won't Call A Bottom In Commercial Pricing, Won't Give A 2027 Growth Number](https://www.bullished.co/travelers-ceo-wont-call-a-bottom-in-commercial-pricing-wont-give-a-2027-growth-number-649546a4/)
- [Travelers Core Earnings Hit $9.18 A Share As A $295 Million Asbestos Charge Sits Inside Reserve Gains](https://www.bullished.co/travelers-core-earnings-hit-9-18-a-share-as-a-295-million-asbestos-charge-sits-inside-5f3116c7/)
- [Travelers Adds $295 Million To Asbestos Reserves, Though Open-Claim Policyholders Are Flat](https://www.bullished.co/travelers-adds-295-million-to-asbestos-reserves-though-open-claim-policyholders-are-flat-a45ca0b3/)

[All Travelers Companies (TRV) coverage →](https://www.bullished.co/tag/trv/)