MARK S. SCHWARTZ - 06 Feb 2025 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
06 Feb 2025
Transactions value $
-$265,197
Form type
4
Filing time
10 Feb 2025, 17:08:13 UTC
Previous filing
31 Jul 2024
Next filing
18 Feb 2025
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 +4.13K +72.25% $0.00 9.84K 06 Feb 2025 Direct F1
transaction L Common Stock Tax liability -$128K -1.49K -15.13% $86.28 8.36K 06 Feb 2025 Direct F2
transaction L Common Stock Options Exercise $0 +4.11K +49.22% $0.00 12.5K 07 Feb 2025 Direct F3
transaction L Common Stock Tax liability -$137K -1.58K -12.63% $86.81 10.9K 07 Feb 2025 Direct F4
holding L Common Stock 9.22K 06 Feb 2025 By Spouse

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 -4.13K -100% $0.00 0 06 Feb 2025 Common Stock 4.13K Direct F1, F5
transaction L Restricted Stock Units Options Exercise $0 -4.11K -100% $0.00 0 07 Feb 2025 Common Stock 4.11K 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 6, 2023, the Reporting Person was awarded 8,258 RSUs ("2023 RSUs"). 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vest on February 6, 2026.
F2 The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2025 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 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 vested on February 7, 2025.
F4 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, 2025 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.