Travelers (NYSE: TRV) risk chief sells 10,400 shares after exercising options

Rhea-AI Filing Summary

TRAVELERS COMPANIES, INC. executive Maria Olivo exercised stock options for 10,400 shares and then sold 10,400 shares of common stock in an open-market transaction on 2026-02-26. The sale price reflected a weighted average of $306.595 per share across trades in a narrow price range.

Following these transactions, Olivo directly owned 124,742.457 shares of common stock and indirectly held 341.736 shares through a 401(k) plan. The option exercise was reported as a derivative conversion, with the subsequent sale classified as an open-market sale.

Insider Trade Summary

Net Seller: 10,400 shares ($3,188,588)

Net Sell 4 txns

Insider OLIVO MARIA

Role EVP, ERM & Chief Risk Officer

Sold 10,400 shs ($3.19M)

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	10,400	$0.00	--
Exercise	Common Stock	10,400	$118.78	$1.24M
Sale	Common Stock	10,400	$306.595	$3.19M
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 0 shares (Direct); Common Stock — 135,142.457 shares (Direct); Common Stock — 341.736 shares (Indirect, 401(k) Plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

OLIVO MARIA

(Last) (First) (Middle)

THE TRAVELERS COMPANIES, INC.

385 WASHINGTON STREET

(Street)

ST. PAUL MN 55102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRAVELERS COMPANIES, INC. [ TRV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, ERM & Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		M		10,400	A	$118.78	135,142.457	D
Common Stock	02/26/2026		S		10,400	D	$306.595(1)	124,742.457	D
Common Stock								341.736	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$118.78	02/26/2026		M			10,400	02/09/2020	02/09/2027	Common Stock	10,400	$0	0	D

Explanation of Responses:

1. Represents the weighted average sales price for price increments ranging from $306.55 to $306.85. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

	/s/Wendy C. Skjerven, by power of attorney	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TRV executive Maria Olivo report in this Form 4 filing?

Maria Olivo reported exercising stock options for 10,400 shares and selling 10,400 shares of Travelers common stock. The transactions occurred on February 26, 2026, and were classified as a derivative exercise followed by an open-market sale.

How many TRV shares did Maria Olivo sell and at what price?

Maria Olivo sold 10,400 shares of Travelers common stock at a weighted average price of $306.595 per share. The filing notes the sales were executed across multiple trades within a narrow price range around that average.

How many TRV shares does Maria Olivo own after these transactions?

After the reported transactions, Maria Olivo directly owned 124,742.457 shares of Travelers common stock. She also indirectly held 341.736 additional shares through a 401(k) plan, as disclosed in the Form 4 filing’s ownership details.

What type of option transaction did TRV’s Maria Olivo report?

Maria Olivo reported exercising stock options described as “Stock Options (Right to Buy)” for 10,400 underlying shares. The Form 4 classifies this as an exercise or conversion of a derivative security, resulting in the acquisition of common stock before the subsequent sale.

What does the Form 4 footnote say about Maria Olivo’s TRV share sale prices?

The footnote explains that the $306.595 figure is a weighted average sale price for trades executed between $306.55 and $306.85 per share. It also notes full price-by-price details are available upon request from specified parties.