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Travelers (NYSE: TRV) legal chief gifts 2,125 company shares
Avrohom J. Kess, Vice Chairman and Chief Legal Officer of Travelers (NYSE: TRV), reported a bona fide gift of 2,125 shares of the company’s common stock. This transaction is a non-market transfer without sales proceeds, and after the gift, Kess directly holds 48,737.422 shares of Travelers common stock. The Form 4 filing indicates this was a gift (transaction code ‘G’), not a sale, and involved only non-derivative securities.