Insider transaction
Amandine Robin-Caplan, who serves as Chief Brand and Communications Officer at Travel & Leisure Co. (NYSE:TNL), sold 3,904 shares of the company’s common stock on February 20, 2026. The shares changed hands at $74.61 apiece, producing a total transaction value of $291,277. Following that disposition, Robin-Caplan directly owns 32,350 shares of Travel & Leisure Co., which had been previously reported as restricted stock units.
Quarterly performance and analyst reaction
Travel & Leisure also released fourth-quarter results that outperformed analysts’ expectations. The company reported adjusted diluted earnings per share of $1.83, above Citizens’ estimate of $1.74 and the consensus expectation of $1.81. Adjusted EBITDA for the quarter reached $272 million, surpassing forecasts from both Citizens and Oppenheimer as well as exceeding the high end of the company's previously guided range. Quarterly sales totaled $1,026 million, topping projections from Oppenheimer and the broader Street.
In the wake of those results, Citizens raised its price target on Travel & Leisure stock to $90 and maintained an Outperform rating. Oppenheimer likewise lifted its target to $85 while keeping an Outperform rating.
Related corporate financing activity
Separately, Wyndham Hotels & Resorts announced plans for a $650 million Senior Notes offering. The company indicated the proceeds are intended to repay outstanding borrowings and to fund general corporate purposes.
Context and limitations
The filings specify the quantity, price and date of the Robin-Caplan transaction and the post-sale shareholding derived from previously reported restricted stock units. The company’s fourth-quarter financial metrics - adjusted diluted EPS, adjusted EBITDA and sales - are presented alongside analysts’ estimates and subsequent changes to price targets by Citizens and Oppenheimer. Wyndham’s planned Senior Notes offering and stated use of proceeds are reported as announced by the company.
This report does not include additional commentary from Travel & Leisure or Robin-Caplan explaining the motivation for the share sale beyond the information disclosed in regulatory filings, nor does it contain further detail on the timing or terms of Wyndham’s planned notes beyond the amount and stated uses of proceeds.
Summary takeaways
- Robin-Caplan sold 3,904 shares on February 20, 2026 at $74.61 per share, totaling $291,277 and now directly owns 32,350 shares previously reported as restricted stock units.
- Travel & Leisure’s Q4 adjusted diluted EPS of $1.83, adjusted EBITDA of $272 million, and sales of $1,026 million all exceeded analysts’ expectations and the company’s guided range in the case of EBITDA.
- Analysts from Citizens and Oppenheimer raised price targets to $90 and $85, respectively, and both retained Outperform ratings.
- Wyndham Hotels & Resorts plans a $650 million Senior Notes offering, with proceeds earmarked to repay borrowings and for general corporate purposes.