Travelers 2015 Annual Report Download - page 260

Item 9B. OTHER INFORMATION
Executive Ownership and Sales. 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 ‘‘Compensation Discussion and Analysis—Stock
Ownership Guidelines, Anti-Hedging and Pledging Policies, and Other Trading Restrictions’’ in the
Company’s proxy statement filed with the Securities and Exchange Commission on April 3, 2015. 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, or may seek liquidity for other 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.
As of the date of this report, Jay S. Fishman, Executive Chairman of the Board, and Alan D.
Schnitzer, Chief Executive Officer, were the only ‘‘named executive officers’’ (i.e., an executive officer
named in the compensation disclosures in the Company’s most recent proxy statement) that have
entered into Rule 10b5-1 trading plans that remain in effect. The trading plans extend from
approximately two to nine months from the date of this report. Under the Company’s stock ownership
guidelines, Mr. Fishman and Mr. Schnitzer each have a target ownership level established as the lesser
of 150,000 shares or the equivalent value of 500% of base salary (as such amount is calculated for
purposes of the stock ownership guidelines).
Annual Meeting and Record Date. The Board of Directors has set the date of the 2016 Annual
Meeting of Shareholders and the related record date. The Annual Meeting will be held in Hartford,
CT on May 19, 2016, and the shareholders entitled to receive notice of and vote at the meeting will be
the shareholders of record at the close of business on March 21, 2016.
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