Paul J. Fribourg - Sep 1, 2023 Form 4 Insider Report for LOEWS CORP (L)

Role: Director
Signature: /s/ Thomas H. Watson by power of attorney for Paul J. Fribourg
Stock symbol: L
Transactions as of: Sep 1, 2023
Transactions value $: -$35,066
Form type: 4
Date filed: 9/5/2023, 04:09 PM
Previous filing: Jul 14, 2023
Next filing: Sep 18, 2023
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	$106K	+2.25K		$46.99	2.25K	Sep 1, 2023	Direct	F1
transaction	L	Common Stock	Disposed to Issuer	-$106K	-1.69K	-75.07%	$62.58	561	Sep 1, 2023	Direct	F1
transaction	L	Common Stock	Sale	-$35.1K	-561	-100%	$62.56	0	Sep 1, 2023	Direct	F1, F2

Showing 1 to 3 of 3 entries

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 16, 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.