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Filing Details

Accession Number:: 0001567619-20-003589
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-14 10:40:39
Reporting Period:: 2020-02-12

Accepted Time:: 2020-02-14 10:40:39
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
1009306	M Jonathan Tisch	667 Madison Avenue New York NY 10065-8087	Co-Ch. Of Bd/Off. Of The Pres.	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2020-02-12	9,556	$0.00	9,556	No	4	M	Direct
Common Stock	Disposition	2020-02-12	5,087	$54.72	4,469	No	4	F	Direct
Common Stock	Disposition	2020-02-12	4,469	$54.04	0	No	4	S	Direct
Common Stock	Acquisiton	2020-02-13	9,803	$0.00	9,803	No	4	M	Direct
Common Stock	Disposition	2020-02-13	5,218	$53.93	4,585	No	4	F	Direct
Common Stock	Disposition	2020-02-13	4,585	$54.01	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2020-02-12	9,556	$0.00	9,556	$0.00
Common Stock	Restricted Stock Units	Disposition	2020-02-13	9,803	$0.00	9,803	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,556			No	4	M	Direct
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	9,683,932	Indirect	By Trusts

Footnotes

Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 12, 2018, the Reporting Person was awarded 19,016 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 5,087 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 $53.97 and $54.30. 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 19,405 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 5,218 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 $53.92 and $54.13. 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.