Travelers CEO Alan Schnitzer exercises options and sells about $35 million in stock
Travelers Chairman and Chief Executive Alan Schnitzer sold about $35.3 million of the insurer's stock after exercising a large block of stock options, according to a Form 4 filing.
On Oct. 21, Schnitzer exercised options on 298,368 shares at $132.58 apiece. Of the shares he received, 209,468 were withheld at $397.62 a share, and he sold the remaining 88,900 shares in five blocks at weighted-average prices from about $394.80 to $398.21, the filing shows.
The filing, made Friday, did not mark the trades as made under a Rule 10b5-1 trading plan.
Back to where he started
The exercise used up the entire option grant, which had been exercisable since February 2023 and was set to expire in February 2030, according to the Form 4.
After the sales, Schnitzer directly held 303,124.499 Travelers shares, the same direct stake he had before the exercise. The filing also lists 11,091 shares held by his spouse, which he disclaims beneficial ownership of.
By the numbers
- Options exercised: 298,368 at $132.58
- Shares withheld: 209,468 at $397.62
- Shares sold: 88,900
- Approximate sale value: $35.27 million
- Shares held directly afterward: 303,124.499
Sources
- The Travelers Companies, Inc., Form 4 for Alan D. Schnitzer filed Oct. 23, 2026, accession 0000086312-26-000190
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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