Travelers CEO Alan Schnitzer Files To Sell 88,900 TRV Shares Worth $35.3 Million
The planned sale covers shares from a cash option exercise, with the sale date listed as October 21 on the form.
Travelers Chairman and CEO Alan D Schnitzer filed a Form 144, a notice of a planned sale, covering 88,900 shares of 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 on both a reported and underlying basis. Adjusted earnings of $9.18 per share topped 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) — SEC EDGAR
- Travelers’s Q3 Earnings Call: Our Top 5 Analyst Questions — Yahoo Finance
- TRV Q3 Earnings Call Highlights Underwriting Strength and 2027 Outlook — Yahoo Finance
- TRV Q3 Deep Dive: Underwriting and Investment Strength Drive Stable Results — Yahoo Finance
