Benjamin J. Tisch - Feb 7, 2025 Form 4 Insider Report for LOEWS CORP (L)

Role
PRES. & CHIEF EXEC. OFFICER
Signature
/s/ Thomas H. Watson, by power of attorney for Benjamin J. Tisch
Stock symbol
L
Transactions as of
Feb 7, 2025
Transactions value $
$321,284
Form type
4
Date filed
2/10/2025, 05:12 PM
Previous filing
Sep 20, 2024
Next filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $321K +3.7K +1.04% $86.81 360K Feb 7, 2025 Direct F1
holding L Common Stock 349K Feb 7, 2025 By Trusts

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction L Restricted Stock Units Options Exercise $0 -3.7K -100% $0.00 0 Feb 7, 2025 Common Stock 3.7K Direct F1, F2
transaction L Restricted Stock Units Award $0 +11K $0.00 11K Feb 10, 2025 Common Stock 11K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 7,401 RSUs ("2022 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("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 Securities and Exchange Commission. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 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.