Filing Details
- Accession Number:
- 0001567619-20-003576
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-14 10:31:30
- Reporting Period:
- 2020-02-12
- Accepted Time:
- 2020-02-14 10:31:30
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 60086 | Loews Corp | L | Fire, Marine & Casualty Insurance (6331) | 132646102 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1680117 | A Marc Alpert | 667 Madison Avenue New York NY 10065 | Sr. Vp, Gen. Coun. & Secy. | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-02-12 | 7,538 | $0.00 | 7,538 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-02-12 | 4,012 | $54.72 | 3,526 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2020-02-12 | 3,526 | $54.13 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-02-13 | 7,733 | $0.00 | 7,733 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-02-13 | 4,116 | $53.93 | 3,617 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2020-02-13 | 3,617 | $54.02 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2020-02-12 | 7,538 | $0.00 | 7,538 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2020-02-13 | 7,733 | $0.00 | 7,733 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,538 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Footnotes
- Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 12, 2018, the Reporting Person was awarded 15,001 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2018. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 11, 2019 and the 2018 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs (along with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights) vested on February 12, 2020. The remaining 2018 RSUs will vest on February 12, 2021. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.
- The Reporting Person is reporting the withholding, by the Issuer, of 4,012 shares of common stock that vested in respect of the 2018 RSUs on February 12, 2020 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- Represents the weighted average price of multiple transactions with a range of prices between $54.13 and $54.14. The Reporting Person upon request by the SEC Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
- Represents the conversion upon vesting of RSUs into common stock. On February 13, 2017, the Reporting Person was awarded 15,308 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2017. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 12, 2018 and the 2017 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs (along with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights) previously vested on February 13, 2019. The remaining 2017 RSUs vested on February 13, 2020.
- The Reporting Person is reporting the withholding, by the Issuer, of 4,116 shares of common stock that vested in respect of the 2017 RSUs on February 13, 2020 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- Represents the weighted average price of multiple transactions with a range of prices between $54.01 and $54.03. The Reporting Person upon request by the SEC Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
- Each RSU represents a contingent right to receive one share of the Issuer's common stock.
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