Mark S. Schwartz - 07 Feb 2024 Form 4 Insider Report for LOEWS CORP (L)

Role
V.P., C.A.O. and Treasurer
Signature
/s/ Thomas H. Watson by power of attorney for Mark S. Schwartz
Issuer symbol
L
Transactions as of
07 Feb 2024
Net transactions value
-$232,226
Form type
4
Filing time
09 Feb 2024, 16:25:08 UTC
Previous filing
06 Feb 2024
Next filing
31 Jul 2024
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 +4,111 +35% $0.000000 16,011 07 Feb 2024 Direct F1
transaction L Common Stock Tax liability $107,977 -1,483 -9.3% $72.81 14,528 07 Feb 2024 Direct F2
transaction L Common Stock Options Exercise $0 +4,743 +33% $0.000000 19,271 08 Feb 2024 Direct F3
transaction L Common Stock Tax liability $124,249 -1,710 -8.9% $72.66 17,561 08 Feb 2024 Direct F4

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 Options Exercise $0 -4,111 -50% $0.000000 4,112 07 Feb 2024 Common Stock 4,111 Direct F1, F5
transaction L Restricted Stock Units Options Exercise $0 -4,743 -100% $0.000000* 0 08 Feb 2024 Common Stock 4,743 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 8,223 RSUs ("2022 RSUs"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vest on February 7, 2025.
F2 The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2022 RSUs on February 7, 2024 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
F3 Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 9,485 RSUs ("2021 RSUs"). 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs vested on February 8, 2024.
F4 The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2021 RSUs on February 8, 2024 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
F5 Each RSU represents a contingent right to receive one share of the Issuer's common stock.