David B. Edelson - 07 Feb 2022 Form 4/A - Amendment Insider Report for LOEWS CORP (L)

Role
Sr. Vice President & CFO
Signature
/s/ Thomas H. Watson, by power of attorney for David B. Edelson
Issuer symbol
L
Transactions as of
07 Feb 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
08 Feb 2022, 16:41:44 UTC
Date Of Original Report
08 Feb 2022
Previous filing
05 Jan 2022
Next filing
14 Feb 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 +15,134 $0.000000 15,134 07 Feb 2022 Common Stock 15,134 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 15,134 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. 50% of the 2021 RSUs vest on February 8, 2023 and the remaining 50% vest on February 8, 2024. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.

Remarks:

This Form 4 is being amended to correct a typographical error in footnote 2. The originally filed Form 4 inadvertently stated in footnote 2 that 19,184 RSUs were awarded to the Reporting Person instead of 15,134 RSUs.