Alexander H. Tisch - Feb 5, 2024 Form 4 Insider Report for LOEWS CORP (L)

Role: VP; Pres. & CEO, Loews Hotels
Signature: /s/ Thomas H. Watson, by power of attorney for Alexander H. Tisch
Stock symbol: L
Transactions as of: Feb 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/6/2024, 04:23 PM
Previous filing: Nov 20, 2023
Next filing: Feb 9, 2024

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	+11.6K		$0.00	11.6K	Feb 5, 2024	Common Stock	11.6K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	The RSUs were awarded to the Reporting Person on February 6, 2023 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024. 50% of the RSUs vest on February 6, 2025 and the remaining 50% vest on February 6, 2026. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.

Content

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

The RSUs were awarded to the Reporting Person on February 6, 2023 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024. 50% of the RSUs vest on February 6, 2025 and the remaining 50% vest on February 6, 2026. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.