Charles M. Diker - Sep 1, 2023 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Charles M. Diker
Stock symbol
L
Transactions as of
Sep 1, 2023
Transactions value $
-$35,066
Form type
4
Date filed
9/5/2023, 04:08 PM
Previous filing
Jun 2, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $106K +2.25K +12.36% $46.99 20.5K Sep 1, 2023 Direct F1
transaction L Common Stock Disposed to Issuer -$106K -1.69K -8.26% $62.58 18.8K Sep 1, 2023 Direct F1
transaction L Common Stock Sale -$35.1K -561 -2.99% $62.56 18.2K Sep 1, 2023 Direct F1, F2

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 -2.25K -100% $0.00* 0 Sep 1, 2023 Common Stock 2.25K $46.99 Direct F1, F3
* 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 23, 2022.
F2 Represents the weighted average price of multiple transactions with a range of prices between $62.46 and $62.67. The Reporting Person, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
F3 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.