Filing Details
- Accession Number:
- 0000060086-25-000032
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-02-10 17:14:37
- Reporting Period:
- 2025-02-06
- Accepted Time:
- 2025-02-10 17:14:37
- 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 | C/O Loews Corporation 9 West 57Th Street New York NY 10019 | No | No | No | Yes |
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 | 2025-02-06 | 8,258 | $0.00 | 8,258 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-02-06 | 4,567 | $86.28 | 3,691 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2025-02-06 | 3,691 | $86.89 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-02-07 | 8,224 | $0.00 | 8,224 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-02-07 | 4,548 | $86.81 | 3,676 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2025-02-07 | 3,676 | $86.72 | 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 | 2025-02-06 | 8,258 | $0.00 | 8,258 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2025-02-07 | 8,224 | $0.00 | 8,224 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2025-02-10 | 13,689 | $0.00 | 13,689 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,258 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 13,689 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 7,155,529 | Indirect | By Trusts |
| Common Stock | 253,403 | Indirect | By Spouse |
Footnotes
- Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 6, 2023, the Reporting Person was awarded 16,516 RSUs ("2023 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vest on February 6, 2026.
- The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2025 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2024.
- Represents the conversion upon vesting of RSUs into common stock. On February 7, 2022, the Reporting Person was awarded 16,447 RSUs ("2022 RSUs"), subject to the Issuer achieving a PBI Metric for 2022. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 6, 2023 and the 2022 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025.
- The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2022 RSUs on February 7, 2025 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- The RSUs were awarded to the Reporting Person on February 5, 2024 subject to the Issuer achieving a PBI Metric for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025. 50% of the RSUs vest on February 5, 2026 and the remaining 50% vest on February 5, 2027. 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.
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