Key facts
- This page summarizes David B. Edelson's Form 4 filing for LOEWS CORP (L).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 14 Feb 2022, 15:29.
David B. Edelson - 10 Feb 2022 Form 4 Insider Report for LOEWS CORP (L)
- Reporting relationship
- Sr. Vice President & CFO
- Issuer ticker
- L
- Reported as of
- 10 Feb 2022
- Net transaction value
- -$425,494
- SEC form
- 4
- Accepted by SEC
- 14 Feb 2022, 15:29:24 UTC
- Prior SEC filing
- 08 Feb 2022
- Next SEC filing
- 01 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Thomas H. Watson, by power of attorney for David B. Edelson
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David B. Edelson filed Form 4 for LOEWS CORP (L) on 14 Feb 2022.
Change
- Previous filing in this sequence was filed on 08 Feb 2022.
- Current net transaction value: -$425,494.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
L
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,018
- Change %
- +17%
- Price
- $0.000000
- Shares after
- 34,831
- Date
- 10 Feb 2022
- Ownership
- Direct
- Footnotes
- F1
L
transaction
Common Stock
Tax liability
- Transaction value
- $170,884
- Shares
- -2,775
- Change %
- -8%
- Price
- $61.58
- Shares after
- 32,056
- Date
- 10 Feb 2022
- Ownership
- Direct
- Footnotes
- F2
L
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +7,414
- Change %
- +23%
- Price
- $0.000000
- Shares after
- 39,470
- Date
- 11 Feb 2022
- Ownership
- Direct
- Footnotes
- F3
L
transaction
Common Stock
Tax liability
- Transaction value
- $254,610
- Shares
- -4,100
- Change %
- -10%
- Price
- $62.10
- Shares after
- 35,370
- Date
- 11 Feb 2022
- Ownership
- Direct
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
L
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -5,018
- Change %
- -43%
- Price
- $0.000000
- Shares after
- 6,691
- Date
- 10 Feb 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,018
- Exercise price
- Footnotes
- F1, F5
L
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -7,414
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 11 Feb 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,414
- Exercise price
- Footnotes
- F3, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 10, 2020, the Reporting Person was awarded 13,382 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2020. The Reporting Person elected to defer delivery of 25% of the shares of the Issuer's common stock underlying the 2020 RSUs that would be deliverable upon vesting. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 8, 2021 and the 2020 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of the 2020 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 the Reporting Person's election to defer delivery of 25% of such shares.
Footnote F2
The Reporting Person is reporting the withholding, by the Issuer, of 2,775 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.
Footnote F3
Represents the conversion upon vesting of RSUs into common stock. On February 11, 2019, the Reporting Person was awarded 14,827 RSUs, subject to the Issuer achieving a PBI Metric for 2019. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2020 and the 2019 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs previously vested on February 11, 2021. The remaining 2019 RSUs vested on February 11, 2022.
Footnote F4
The Reporting Person is reporting the withholding, by the Issuer, of 4,100 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.
Footnote F5
Each RSU represents a contingent right to receive one share of the Issuer's common stock.