Filing Details
- Accession Number:
- 0000060086-23-000028
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-08 12:57:35
- Reporting Period:
- 2023-02-06
- Accepted Time:
- 2023-02-08 12:57:35
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 60086 | Loews Corp | L | Fire, Marine & Casualty Insurance (6331) | 132646102 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1238752 | Waldo Richard Scott | C/O Loews Corporation 667 Madison Avenue New York NY 10065-8087 | Svp & Chief Investment Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-07 | 11,250 | $46.58 | 54,170 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-02-07 | 11,250 | $43.37 | 65,420 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-02-07 | 11,250 | $43.83 | 76,670 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-02-07 | 11,250 | $41.98 | 87,920 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-07 | 32,494 | $60.85 | 55,426 | No | 4 | D | Direct | |
| Common Stock | Disposition | 2023-02-07 | 12,506 | $62.51 | 42,920 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2023-02-06 | 13,157 | $0.00 | 13,157 | $0.00 |
| Common Stock | Stock Appreciation Right | Acquisiton | 2023-02-07 | 11,250 | $0.00 | 11,250 | $46.58 |
| Common Stock | Stock Appreciation Right | Acquisiton | 2023-02-07 | 11,250 | $0.00 | 11,250 | $43.37 |
| Common Stock | Stock Appreciation Right | Acquisiton | 2023-02-07 | 11,250 | $0.00 | 11,250 | $43.83 |
| Common Stock | Stock Appreciation Right | Acquisiton | 2023-02-07 | 11,250 | $0.00 | 11,250 | $41.98 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 13,157 | No | 4 | A | Direct | ||
| 0 | 2024-01-14 | No | 4 | M | Direct | |
| 0 | 2024-01-14 | No | 4 | M | Direct | |
| 0 | 2024-01-14 | No | 4 | M | Direct | |
| 0 | 2024-01-14 | No | 4 | M | Direct |
Footnotes
- Represents the weighted average price of multiple transactions with a range of prices between $62.29 and $62.71. 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.
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- 13,157 RSUs were awarded to the Reporting Person on February 7, 2022 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2022. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 6, 2023. 50% of the 2022 RSUs vest on February 7, 2024 and the remaining 50% vest on February 7, 2025. 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.
- The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 14, 2015.
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