WALTER L. HARRIS - 11 May 2021 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Walter L. Harris
Issuer symbol
L
Transactions as of
11 May 2021
Net transactions value
$0
Form type
4
Filing time
12 May 2021, 11:09:29 UTC
Next filing
02 Jun 2021
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 $0 +3,292 +23% $0.000000 17,908 12 May 2021 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 Restricted Stock Units Award $0 +1,725 $0.000000 1,725 11 May 2021 Common Stock 1,725 Direct F2, F3
transaction L Restricted Stock Units Options Exercise $0 -3,292 -100% $0.000000* 0 12 May 2021 Common Stock 3,292 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion into common stock upon vesting of previously awarded restricted stock units ("RSUs").
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs vest on May 11, 2022. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, subject to any election to defer delivery of shares made by the Reporting Person.
F4 As previously reported on Table II of a Form 4 filed in connection therewith, on May 12, 2020, the Reporting Person was granted 3,292 RSUs, which vested on the first anniversary of the grant date. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.