The CTO's $4.1M sale is the largest and may warrant monitoring for any upcoming company news or earnings. However, given the modest size relative to market cap and the weak signal from insider sales clusters, no immediate trading action is suggested. Watch for any Form 4 filings from additional executives or a material event that could explain the cluster.
Price Chart
Executive Summary
Three Travel & Leisure Co. insiders sold a total of $6.76M in open-market sales over a 3-day window, led by the CTO ($4.1M) and an executive ($2.64M). The total represents ~0.14% of market cap, a modest amount that does not signal material bearish conviction, especially given the weak predictive power of insider sales clusters.
Key Financial Metrics
Key Facts
- Total open-market sales: $6.76M across 3 insiders (Aug 4–6, 2026)
- CTO Sy Esfahani sold 52,617 shares for $4.1M at ~$78.00
- Jeffrey Myers sold 34,000 shares for $2.64M at $77.76
- Michael Dean Brown exercised options (non-cash) and sold 200 shares for $16K
- Sales represent ~0.14% of TNL's $4.7B market cap — modest proportionality
Financial Impact
Total insider sales of $6.76M, or 0.14% of market cap
Risk Factors
- Insider sales could precede negative news, though the dollar amount is not alarming
- Additional selling by C-suite in coming weeks would increase bearish signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TNL-1786393564839 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | Insider Cluster | $73.82 $64.70 | ▼ −12.35% | ▼ −11.30% | $62.92 (−14.77%) |
Aug 6, 2026 8w ago | Insider Cluster | $77.33 $66.40 | ▼ −14.13% | ▼ −14.73% | $62.92 (−18.63%) |
Jul 28, 2026 9w ago | Insider Cluster | $78.45 $73.67 | ▼ −6.09% | ▼ −9.47% | $62.92 (−19.80%) |
Jul 22, 2026 10w ago | 8-K | $75.60 $72.99 | ▼ −3.45% | ▼ −6.35% | $62.92 (−16.77%) |
Jun 16, 2026 15w ago | 144 | $75.14 $73.23 | ▼ −2.54% | ▼ −2.74% | $62.92 (−16.26%) |
May 20, 2026 19w ago | 8-K | $65.27 $74.64 | ▲ +14.36% | ▲ +14.02% | $62.92 (−3.60%) |
May 14, 2026 20w ago | 144 | $63.58 $74.13 | ▲ +16.59% | ▲ +17.45% | $62.92 (−1.04%) |
May 11, 2026 20w ago | 8-K | $63.08 $70.63 | ▲ +11.97% | ▲ +13.70% | $62.92 (−0.25%) |
Apr 17, 2026 24w ago | Insider Cluster | $78.33 $63.58 | ▼ −18.83% | ▼ −24.20% | $62.92 (−19.67%) |
Apr 10, 2026 25w ago | DEFA14A | $77.18 $63.61 | ▼ −17.58% | ▼ −25.31% | $62.92 (−18.48%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access