secwatch / observer

Travel & Leisure Co. — fact timeline

Source-grounded facts extracted from Travel & Leisure Co.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TNL Travel & Leisure Co. JSON
Shareholder Votes

Travel & Leisure Co. shareholders approved Ratification of independent registered public accounting firm at the 2026-05-20 meeting.

“The Company’s shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Shareholder Votes

Travel & Leisure Co. shareholders approved Advisory vote on executive compensation at the 2026-05-20 meeting.

“The Company’s shareholders approved, on a non-binding, advisory basis, the compensation of our named executive officers in the Proxy Statement.”
Shareholder Votes

Travel & Leisure Co. shareholders approved Election of Directors at the 2026-05-20 meeting.

“The Company’s shareholders elected the following Directors to serve for a term ending at the 2027 annual meeting, with each Director to serve until such Director’s successor is elected and qualified or until such Director’s earlier resignation, retirement, disqualification, or removal.”
Material Agreements

Travel & Leisure Co. entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, N.A. valued at $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031 (effective 2026-05-20).

“On May 20, 2026, Travel + Leisure Co. (the “Company”) and U.S. Bank Trust Company, N.A., as trustee (the “Trustee”), entered into the fifth supplemental indenture (the “Fifth Supplemental Indenture”) to the indenture, dated December 13, 2019 (the “Base Indenture” and, together with the Fifth Supplemental Indenture, the “Indenture”), in connection with the issuance and sale of $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031 (the “Notes”) to Deutsche Bank Securities Inc. and certain other initial purchasers (collectively, the “Initial Purchasers”).”
Debt Financings

Travel & Leisure Co. incurred senior notes of $900,000,000 aggregate principal amount with Deutsche Bank Securities Inc. and certain other initial purchasers at 6.250% per year maturing due 2031.

“the issuance and sale of $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031”
Earnings Releases

Travel & Leisure Co. reported the three months ended March 31, 2026 results: revenue $961 million, net income $79 million (diluted earnings per share of $1.22). Guidance reaffirmed.

“a leading leisure travel company, today reported first quarter 2026 financial results for the three months ended March 31, 2026. Highlights and outlook include: • Net revenue of $961 million. Gross VOI sales of $549 million, up 7% year-over-year • Net income of $79 million (diluted earnings per share of $1.22) • Adjusted EBITDA of $225 million and Adjusted diluted”
Material Agreements

Travel & Leisure Co. amended Eighth Amendment to Credit Agreement with Bank of America, N.A. valued at Repriced $869 million of outstanding borrowings under the 2024 Term Loan B Facility; interest rate c (effective 2025-12-10).

“On December 10, 2025, Travel + Leisure Co. (the “Borrower”) entered into the Eighth Amendment (the “Eighth Amendment”) to that certain Credit Agreement, dated as of May 31, 2018, among the Borrower, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).”
Debt Financings

Travel & Leisure Co. incurred senior notes of $500,000,000 aggregate principal amount with BofA Securities, Inc. and certain other initial purchasers at 6.125% per year maturing due 2033.

“the issuance and sale of $500,000,000 aggregate principal amount of 6.125% senior secured notes due 2033”
Debt Financings

Travel & Leisure Co. amended revolving credit of $1.0 billion with Bank of America, N.A. at Term SOFR plus a spread ranging from 1.50% to 2.00% maturing June 2030.

“The Seventh Amendment, among other things, established a new revolving credit facility with $1.0 billion in revolving credit commitments that is scheduled to mature in June 2030”

Michael A. Hug departed as Chief Financial Officer at Travel & Leisure Co..

“Michael A. Hug, the Company's current CFO, will step down from that role on the Transition Date and continue as an employee of a subsidiary of the Company until his previously announced retirement on June 9, 2025”

Erik D. Hoag was appointed as Chief Financial Officer at Travel & Leisure Co..

“appointed Erik D. Hoag as Chief Financial Officer ("CFO") of the Company, effective May 19, 2025”
Earnings Releases

Travel & Leisure Co. reported first quarter 2024 results: revenue $916 million, net income $66 million, EPS $0.92 diluted earnings per share. Guidance reaffirmed.

“Net income of $66 million, $0.92 diluted earnings per share, on net revenue of $916 million”
Earnings Releases

Travel & Leisure Co. reported fourth quarter and full-year 2023 results: revenue net revenue of $935 million (Q4) and $3.8 billion (full year), net income Net income of $129 million (Q4) and $396 million (full year), EPS diluted EPS of $1.77 (Q4) and $5.28 (full year). Guidance initiated.

“Travel + Leisure Co. Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook ORLANDO, Fla. (February 21, 2024) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported fourth quarter and full-year 2023 financial results for the period ended December 31, 2023. Fourth quarter 2023 highlights: • Net income of $129 million (diluted EPS of $1.77) on net revenue of $935 million • Adjusted EBITDA of $240 million and Adjusted diluted EPS of $1.98 (1) • Repurchased $40 million of common stock during the fourth quarter Full-year 2023 highlights : • Net income of $396 million (diluted EPS of $5.28) on net revenue of $3.8 billion • Adjusted EBITDA of $908 million and Adjusted diluted EPS of $5.70 (1) • Net cash provided by operating activities of $350 million and Adjusted free cash flow of $379 million (1) • Repurchased $307 million of common stock during the full-year Outlook: • Full Year 2024 Adjusted EBITDA expected to rang”

Olivier Chavy departed as President, Panorama and Travel + Leisure Clubs at Travel & Leisure Co..

“Olivier Chavy will cease serving as President, Panorama and Travel + Leisure Clubs with Travel + Leisure Co. (the “Company”), effective February 20, 2024.”
Debt Financings

Travel & Leisure Co. incurred term loan of an aggregate principal amount of $300.0 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.

“and (ii) term loans in an aggregate principal amount of $300.0 million, which the Company expects to use together with available cash on hand and revolving credit facility borrowings to refinance the Borrower's senior secured notes due April 2024 and pay related fees and expenses (the "B-2 Refinancing Term Loans", and together with the B-1 Refinancing Term Loans, the "2023 Incremental Term Loan Facility")”
Debt Financings

Travel & Leisure Co. incurred term loan of an aggregate principal amount of $297.75 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.

“The Fifth Amendment, among other things, established (i) term loans in an aggregate principal amount of $297.75 million to refinance the 2022 Incremental Term Loans under the Existing Credit Agreement (the "B-1 Refinancing Term Loans")”
Material Agreements

Travel & Leisure Co. entered into Fifth Amendment with Bank of America, N.A. valued at $297.75 million (effective 2023-12-20).

“On December 20, 2023, Travel + Leisure Co. (the “Borrower”) entered into the Fifth Amendment (the “Fifth Amendment”) to that certain Credit Agreement, dated as of May 31, 2018, among the Borrower (f/k/a Wyndham Destinations, Inc.), the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and the other parties thereto”
Governance Changes

Travel & Leisure Co.: Adopted Fourth Amended and Restated By-laws, including revised director nomination and stockholder proposal procedures, gender-neutral terms, and other administrative updates (effective 2023-11-08).

“On November 8, 2023, the Board of Directors (the “Board”) of Travel + Leisure Co. (the “Company”) adopted and approved, effective immediately, amended and restated bylaws of the Company (as amended and restated, the “Fourth Amended and Restated By-laws”).”
Earnings Releases

Travel & Leisure Co. updated its 2023 full year guidance (reaffirmed).

“The Company is providing guidance regarding expectations for the 2023 full year: • Adjusted EBITDA of $900 million to $915 million • Gross VOI sales of $2.15 billion to $2.2 billion • VPG of approximately $3,100 to $3,150”
Earnings Releases

Travel & Leisure Co. reported three months ended September 30, 2023 results: revenue $986 million, net income $110 million, EPS $1.49 diluted earnings per share from continuing operations.

“today reported third quarter 2023 financial results for the three months ended September 30, 2023. Highlights and outlook include: • Net income of $110 million, $1.49 diluted earnings per share from continuing operations, on net revenue of $986 million”
Earnings Releases

Travel & Leisure Co. reported second quarter 2023 results: revenue $949 million, net income $94 million, EPS $1.18 diluted earnings per share from continuing operations. Guidance reaffirmed.

“Travel + Leisure Co. Reports Second Quarter 2023 Results ORLANDO, Fla. (July 26, 2023) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported second quarter 2023 financial results for the three months ended June 30, 2023. Highlights and outlook include: • Net income of $94 million, $1.18 diluted earnings per share from continuing operations, on net revenue of $949 million”
Shareholder Votes

Travel & Leisure Co. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-17 meeting.

“Proposal 4 The Company’s shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Abstain Broker Non-Votes 65,787,389 626,556 213,475 ̶”
Shareholder Votes

Travel & Leisure Co. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-05-17 meeting.

“Proposal 3 The Company’s shareholders voted, on a non-binding, advisory basis, in favor of holding an annual advisory vote on the compensation of our named executive officers. One Year Two Years Three Years Abstain Broker Non-Votes 57,927,934 46,540 1,542,134 235,053 6,875,759”
Shareholder Votes

Travel & Leisure Co. shareholders approved Advisory vote on the compensation of named executive officers at the 2023-05-17 meeting.

“Proposal 2 The Company’s shareholders approved, on a non-binding, advisory basis, the compensation of our named executive officers in the Proxy Statement. Votes For Votes Against Abstain Broker Non-Votes 54,617,813 4,817,353 316,495 6,875,759”
Shareholder Votes

Travel & Leisure Co. shareholders approved Election of Directors to serve for a term ending at the 2024 annual meeting at the 2023-05-17 meeting.

“Proposal 1 The Company’s shareholders elected the following Directors to serve for a term ending at the 2024 annual meeting, with each Director to serve until such Director’s successor is elected and qualified or until such Director’s earlier resignation, retirement, disqualification, or removal. Votes For Votes Withheld Broker Non-Votes Louise F. Brady 57,675,128 2,076,533 6,875,759 Michael D. Brown 58,642,442 1,109,219 6,875,759 James E. Buckman 56,247,722 3,503,939 6,875,759 George Herrera 57,144,714 2,606,947 6,875,759 Stephen P. Holmes 57,874,320 1,877,341 6,875,759 Lucinda C. Martinez 59,078,602 673,059 6,875,759 Denny Marie Post 57,642,647 2,109,014 6,875,759 Ronald L. Rickles 59,034,386 717,275 6,875,759 Michael H. Wargotz 57,027,126 2,724,535 6,875,759”
Earnings Releases

Travel & Leisure Co. reported first quarter 2023 results: net income Net income of $64 million, EPS $0.81 diluted earnings per share. Guidance raised.

“Travel + Leisure Co. Reports First Quarter 2023 Results and Increases Full Year 2023 Guidance ORLANDO, Fla. (April 26, 2023) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported first quarter 2023 financial results for the three months ended March 31, 2023. Highlights and outlook include: • Net income of $64 million, $0.81 diluted earnings per share, on net revenue of $879 million • Adjusted EBITDA of $184 million and adjusted diluted earnings per share of $0.89 (1) • Increases expected full year adjusted EBITDA guidance to a range of $925 million to $945 million from $920 million to $940 million”
Material Agreements

Travel & Leisure Co. amended Fourth Amendment with Bank of America, N.A., as administrative agent (effective 2023-03-30).

“On March 30, 2023, Travel + Leisure Co. (the “Borrower”) entered into the Fourth Amendment (the “Fourth Amendment” to the Credit Agreement, dated as of May 31, 2018 with Bank of America, N.A., as administrative agent (the “Administrative Agent”), the several lenders from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).”
Earnings Releases

Travel & Leisure Co. updated its Full Year 2023 guidance (initiated).

“Outlook : • Full Year 2023 Adjusted EBITDA expected to range from $920 million to $940 million”
Earnings Releases

Travel & Leisure Co. reported full-year 2022 results: revenue $3.6 billion, net income $357 million, EPS $4.24.

“Full-year 2022 highlights : • Net income of $357 million (diluted EPS of $4.24) on net revenue of $3.6 billion”
Earnings Releases

Travel & Leisure Co. reported the fourth quarter of 2022 results: revenue $899 million, net income $90 million, EPS $1.12.

“Fourth quarter 2022 highlights : • Net income of $90 million (diluted EPS of $1.12) on net revenue of $899 million”
Debt Financings

Travel & Leisure Co. incurred term loan of $300 million with Bank of America, N.A. (as administrative agent) and the lenders at Base Rate plus 3.00% or Term SOFR plus 4.00% (subject to floor of 0.50%) maturing December 14, 2029.

“The Third Amendment, among other things, provides for an incremental term loan of $300 million (the “Incremental Term Loan”), which was issued with an original issue discount of 97.5%.”
Material Agreements

Travel & Leisure Co. amended Third Amendment with Bank of America, N.A. valued at $300 million (effective 2022-12-14).

“On December 14, 2022, Travel + Leisure Co. (the “Borrower”) entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement, dated as of May 31, 2018, with Bank of America, N.A., as administrative agent, the several lenders from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).”
Earnings Releases

Travel & Leisure Co. reported the three months ended September 30, 2022 results: revenue $937 million, net income $116 million, EPS $1.38 diluted earnings per share. Guidance lowered.

“Net income of $116 million, $1.38 diluted earnings per share, on net revenue of $937 million”

Thomas M. Duncan was appointed as Senior Vice President and Chief Accounting Officer at Travel & Leisure Co..

“On September 13, 2022, Thomas M. Duncan was appointed Senior Vice President and Chief Accounting Officer (“CAO”), effective as of the Effective Date.”

Elizabeth E. Dreyer resigned as Senior Vice President and Chief Accounting Officer at Travel & Leisure Co..

“On September 7, 2022, Elizabeth E. Dreyer, Senior Vice President and Chief Accounting Officer of Travel + Leisure Co. (the "Company"), notified the Company of her decision to resign, effective September 30, 2022 (the “Effective Date”), to pursue another career opportunity.”

Olivier Chavy was appointed as Leadership of Travel + Leisure Group business line at Travel & Leisure Co..

“On March 23, 2022, the Company also announced that Olivier Chavy will assume leadership of the Travel + Leisure Group business line, effective April 5, 2022, in addition to his current responsibilities.”

Noah Brodsky departed as President, Travel + Leisure Group and Chief Brand Officer at Travel & Leisure Co..

“On March 23, 2022, Travel + Leisure Co. (the "Company") announced that Noah Brodsky, President, Travel + Leisure Group and Chief Brand Officer of the Company, will cease serving in both roles, effective April 4, 2022.”

Lucinda Martinez was appointed as Director at Travel & Leisure Co..

“On November 11, 2021, upon the recommendation of the Corporate Governance Committee, the Board of Directors (the “Board”) of Travel + Leisure Co. (the “Company”) increased the number of directors constituting the Board from eight to nine members and appointed Lucinda Martinez to fill the vacancy.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.