PAUL J. FRIBOURG - 03 Mar 2025 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Paul J. Fribourg
Issuer symbol
L
Transactions as of
03 Mar 2025
Net transactions value
-$104,130
Form type
4
Filing time
04 Mar 2025, 16:21:17 UTC
Previous filing
26 Feb 2025
Next filing
18 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $91,372 +2,250 $40.61 2,250 03 Mar 2025 Direct F1
transaction L Common Stock Disposed to Issuer $91,495 -1,053 -47% $86.89 1,197 03 Mar 2025 Direct F1
transaction L Common Stock Sale $104,007 -1,197 -100% $86.89 0 03 Mar 2025 Direct F1

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 Stock Appreciation Right Options Exercise $0 -2,250 -100% $0.000000 0 03 Mar 2025 Common Stock 2,250 $40.61 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 6, 2024.
F2 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.