Anthony Welters - May 10, 2022 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Anthony Welters
Stock symbol
L
Transactions as of
May 10, 2022
Transactions value $
$0
Form type
4
Date filed
5/11/2022, 03:54 PM
Previous filing
May 6, 2022
Next filing
Dec 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $0 +1.73K +30.14% $0.00 7.45K May 11, 2022 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 +1.57K $0.00 1.57K May 10, 2022 Common Stock 1.57K Direct F2, F3
transaction L Restricted Stock Units Options Exercise $0 -1.73K -100% $0.00* 0 May 11, 2022 Common Stock 1.73K 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 10, 2023. 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 11, 2021, the Reporting Person was granted 1,725 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.