Paul J. Fribourg - Dec 1, 2025 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Paul J. Fribourg
Stock symbol
L
Transactions as of
Dec 1, 2025
Transactions value $
-$156,075
Form type
4
Date filed
12/2/2025, 04:32 PM
Previous filing
Nov 14, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
FRIBOURG PAUL J Director C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK /s/ Thomas H. Watson by power of attorney for Paul J. Fribourg 2025-12-02 0001070938

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $87K +2.25K +562.5% $38.67 2.65K Dec 1, 2025 Direct F1
transaction L Common Stock Disposed to Issuer -$87.2K -808 -30.49% $107.87 1.84K Dec 1, 2025 Direct F1
transaction L Common Stock Sale -$156K -1.44K -78.28% $108.13 400 Dec 1, 2025 Direct F1

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 Dec 1, 2025 Common Stock 2.25K $38.67 Direct F1, F2
* 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 6, 2024.
F2 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.