Charles M. Diker - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
-$71,277
Form type
4
Date filed
3/4/2024, 07:07 PM
Previous filing
Dec 4, 2023
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $97.6K +2.25K +12.36% $43.37 20.5K Mar 1, 2024 Direct F1
transaction L Common Stock Disposed to Issuer -$97.5K -1.3K -6.35% $75.07 19.2K Mar 1, 2024 Direct F1
transaction L Common Stock Sale -$71.3K -951 -4.97% $75.02 18.2K Mar 1, 2024 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 Mar 1, 2024 Common Stock 2.25K $43.37 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 22, 2023.
F2 Represents the weighted average price of multiple transactions with a range of prices between $75.01 and $75.07. 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.