Mark S. Schwartz - Feb 7, 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
Stock symbol
L
Transactions as of
Feb 7, 2024
Transactions value $
-$232,226
Form type
4
Date filed
2/9/2024, 04:25 PM
Previous filing
Feb 6, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $0 +4.11K +34.55% $0.00 16K Feb 7, 2024 Direct F1
transaction L Common Stock Tax liability -$108K -1.48K -9.26% $72.81 14.5K Feb 7, 2024 Direct F2
transaction L Common Stock Options Exercise $0 +4.74K +32.65% $0.00 19.3K Feb 8, 2024 Direct F3
transaction L Common Stock Tax liability -$124K -1.71K -8.87% $72.66 17.6K Feb 8, 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 -4.11K -49.99% $0.00 4.11K Feb 7, 2024 Common Stock 4.11K Direct F1, F5
transaction L Restricted Stock Units Options Exercise $0 -4.74K -100% $0.00* 0 Feb 8, 2024 Common Stock 4.74K 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.