Andrew H. Tisch - 07 Feb 2022 Form 4 Insider Report for LOEWS CORP (L)

Role: Director
Signature: /s/ Thomas H. Watson, by power of attorney for Andrew H. Tisch
Issuer symbol: L
Transactions as of: 07 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Feb 2022, 10:44:33 UTC
Previous filing: 04 Jan 2022
Next filing: 11 May 2022
SEC: View on sec.gov

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	Award	$0	+19,184		$0.000000	19,184	07 Feb 2022	Common Stock	19,184		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2	19,184 RSUs were awarded to the Reporting Person on February 8, 2021 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2021. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 7, 2022. As a result of the Reporting Person's retirement on December 31, 2021, the 2021 RSUs are fully vested and the underlying shares of the Issuer's common stock will be delivered to the Reporting Person following a six-month delay required under Section 409A of the Internal Revenue Code.

Content

Each RSU represents a contingent right to receive one share of the Issuer's common stock.

19,184 RSUs were awarded to the Reporting Person on February 8, 2021 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2021. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 7, 2022. As a result of the Reporting Person's retirement on December 31, 2021, the 2021 RSUs are fully vested and the underlying shares of the Issuer's common stock will be delivered to the Reporting Person following a six-month delay required under Section 409A of the Internal Revenue Code.