Travelers 2009 Annual Report Download - page 269

Item 9B. OTHER INFORMATION
All of the Company’s executive officers hold equity in the Company in excess of the required level
under the Company’s executive stock ownership policy. For a summary of this policy as currently in
effect, see ‘‘Stock Ownership Guidelines’’ under ‘‘Executive Compensation—Compensation Discussion
and Analysis’’ in the Company’s proxy statement filed with the SEC on March 17, 2009. From time to
time, some of the Company’s executives may determine that it is advisable to diversify their investments
for personal financial planning reasons and may sell shares of common stock of the Company in the
open market, in private transactions or to the Company. To effect such sales, some of the Company’s
executives have entered into, and may in the future enter into, trading plans designed to comply with
the Company’s Securities Trading Policy and the provisions of Rule 10b5-1 under the Securities
Exchange Act of 1934. The trading plans will not reduce any of the executives’ ownership of the
Company’s shares below the applicable executive stock ownership guidelines. The Company does not
undertake any obligation to report Rule 10b5-1 plans that may be adopted by any employee or director
of the Company in the future, or to report any modifications or termination of any publicly announced
plan.
Currently, Jay S. Fishman, Chairman of the Board and Chief Executive Officer, is the only ‘‘named
executive officer’’ (i.e. an executive officer named in the compensation disclosures in Company’s proxy
statement) that has entered into a Rule 10b5-1 trading plan that remains in effect. The trading plan
extends for approximately six months from the date of this report. Under the Company’s stock
ownership guidelines, Mr. Fishman has a target ownership level established as the lesser of 150,000
shares or the equivalent value of 500% of base salary (as such amounts are calculated for purposes of
the stock ownership guidelines). See ‘‘Executive Compensation—Compensation Discussion and
Analysis—Stock Ownership Guidelines’’ in the Company’s proxy statement filed with the SEC on
March 17, 2009.
PART III
Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Executive Officers of the Company
Set forth below is information concerning the Company’s executive officers, and persons chosen to
become executive officers, as of February 18, 2010.
Name Age Office
Jay S. Fishman . . . . . . . . . . . 57 Chairman of the Board of Directors and Chief Executive Officer
Jay S. Benet . . . . . . . . . . . . . 57 Vice Chairman and Chief Financial Officer
Charles J. Clarke . . . . . . . . . 74 Vice Chairman
William H. Heyman . . . . . . . 61 Vice Chairman and Chief Investment Officer
Alan D. Schnitzer . . . . . . . . . 44 Vice Chairman, Chief Legal Officer and Executive Vice
President—Financial, Professional and International Insurance
Brian W. MacLean . . . . . . . . 56 President and Chief Operating Officer
Andy F. Bessette . . . . . . . . . . 56 Executive Vice President and Chief Administrative Officer
Kenneth F. Spence, III . . . . . 54 Executive Vice President and General Counsel
Doreen Spadorcia . . . . . . . . . 52 Executive Vice President—Personal Insurance and Claim Services
John J. Albano . . . . . . . . . . . 60 Executive Vice President—Business Insurance (through
February 28, 2010; Executive Vice President thereafter)
Samuel G. Liss . . . . . . . . . . . 53 Executive Vice President—Strategic Development
William A. Bloom . . . . . . . . . 46 Executive Vice President—Insurance Operations and Systems
Maria Olivo . . . . . . . . . . . . . 45 Executive Vice President—Treasurer
William E. Cunningham, Jr. . 44 Executive Vice President—Business Insurance (effective March 1,
2010)
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