ANN E. BERMAN - 01 Dec 2025 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Ann E. Berman
Issuer symbol
L
Transactions as of
01 Dec 2025
Net transactions value
-$156,242
Form type
4
Filing time
02 Dec 2025, 16:30:00 UTC
Previous filing
30 Sep 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BERMAN ANN E Director C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK /s/ Thomas H. Watson by power of attorney for Ann E. Berman 02 Dec 2025 0001349408

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $87,008 +2,250 +34% $38.67 8,936 01 Dec 2025 Direct F1
transaction L Common Stock Disposed to Issuer $87,153 -806 -9% $108.13 8,130 01 Dec 2025 Direct F1
transaction L Common Stock Sale $156,096 -1,444 -18% $108.10 6,686 01 Dec 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 01 Dec 2025 Common Stock 2,250 $38.67 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 7, 2024.
F2 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.