Mark S. Schwartz - Feb 10, 2022 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
Stock symbol
L
Transactions as of
Feb 10, 2022
Transactions value $
-$549,760
Form type
4
Date filed
2/14/2022, 03:37 PM
Previous filing
Feb 8, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $0 +4.19K +67.78% $0.00 10.4K Feb 10, 2022 Direct F1
transaction L Common Stock Tax liability -$93.1K -1.51K -14.57% $61.58 8.87K Feb 10, 2022 Direct F2
transaction L Common Stock Options Exercise $0 +4.65K +52.41% $0.00 13.5K Feb 11, 2022 Direct F3
transaction L Common Stock Tax liability -$104K -1.68K -12.4% $62.10 11.8K Feb 11, 2022 Direct F4
transaction L Common Stock Sale -$353K -5.65K -47.74% $62.38 6.19K Feb 11, 2022 Direct

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 -4.19K -49.99% $0.00 4.19K Feb 10, 2022 Common Stock 4.19K Direct F1, F5
transaction L Restricted Stock Units Options Exercise $0 -4.65K -100% $0.00* 0 Feb 11, 2022 Common Stock 4.65K Direct F4, 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 10, 2020, the Reporting Person was awarded 8,387 RSUs. 50% of these RSUs vested on February 10, 2022. The remaining 2020 RSUs will vest on February 10, 2023. 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 the shares by the Reporting Person.
F2 The Reporting Person is reporting the withholding, by the Issuer, of 1,512 shares of common stock that vested in respect of the 2020 RSUs on February 10, 2022 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. The Reporting Person was awarded 9,293 RSUs on February 11, 2019. 50% of these RSUs previously vested on February 11, 2021. The remaining 2019 RSUs vested on February 11, 2022.
F4 The Reporting Person is reporting the withholding, by the Issuer, of 1,676 shares of common stock that vested in respect of the 2019 RSUs on February 11, 2022 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.