Philip A. Laskawy - May 31, 2021 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Philip A. Laskawy
Stock symbol
L
Transactions as of
May 31, 2021
Transactions value $
-$25,148
Form type
4
Date filed
6/2/2021, 01:51 PM
Previous filing
May 14, 2021
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $0 +1.96K +36.24% $0.00 7.37K May 31, 2021 Direct F1
transaction L Common Stock Options Exercise $63K +1.5K +20.37% $42.02 8.87K Jun 1, 2021 Direct
transaction L Common Stock Disposed to Issuer -$63K -1.07K -12.08% $58.84 7.79K Jun 1, 2021 Direct
transaction L Common Stock Sale -$25.2K -429 -5.5% $58.65 7.37K Jun 1, 2021 Direct F2
holding L Common Stock 6K May 31, 2021 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 Unit Options Exercise $0 -1.96K -100% $0.00* 0 May 31, 2021 Common Stock 1.96K Direct F3, F4
transaction L Stock Appreciation Right Options Exercise $0 -1.5K -100% $0.00* 0 Jun 1, 2021 Common Stock 1.5K $42.02 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion into common stock upon vesting of previously awarded restricted stock units ("RSUs").
F2 Represents the weighted average price of multiple transactions with a range of prices between $58.65 and $58.84. 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 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 As previously reported on Table II of a Form 4 filed in connection therewith, on May 8, 2018, the Reporting Person was granted 1,952 RSUs which, together with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with such RSUs, vested on the first anniversary of the grant date. The Reporting Person elected to defer delivery of the common stock into which such RSUs vested until May 31, 2021. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.
F5 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.