Filing Details
- Accession Number:
- 0000060086-23-000067
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-13 14:41:22
- Reporting Period:
- 2023-02-10
- Accepted Time:
- 2023-02-13 14:41:22
- 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 |
|---|---|---|---|---|---|---|---|
| 1009306 | M Jonathan Tisch | C/O Loews Corporation 667 Madison Avenue New York NY 10065-8087 | Co-Ch. Of Bd/Off. Of The Pres. | Yes | 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 | 2023-02-10 | 8,482 | $0.00 | 8,482 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-10 | 4,691 | $61.75 | 3,791 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-02-10 | 3,791 | $61.73 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | 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 | Disposition | 2023-02-10 | 8,482 | $0.00 | 8,482 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 8,683,932 | Indirect | By Trusts |
Footnotes
- Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 10, 2020, the Reporting Person was awarded 16,963 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2020. 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. 50% of these RSUs previously vested on February 10, 2022. The remaining 2020 RSUs vested 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 shares by the Reporting Person.
- The Reporting Person is reporting the withholding, by the Issuer, of 4,691 shares of common stock that vested in respect of the 2020 RSUs on February 10, 2023 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- Represents the weighted average price of multiple transactions with a range of prices between $61.65 and $61.84. The Reporting Person, upon request by the SEC 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 RSU represents a contingent right to receive one share of the Issuer's common stock.
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