LOEWS CORP — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2020-05-12

Reporting Person: WELTERS ANTHONY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-14	Common Stock	M	1979	—	Acquired	7513	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Restricted Stock Units	$	A	3292	Acquired		Common Stock (3292)	Direct
2020-05-14	Restricted Stock Units	$	M	1979	Disposed		Common Stock (1979)	Direct

Footnotes

F1: Represents the conversion into common stock upon vesting of previously awarded restricted stock units ("RSUs").

F2: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F3: The RSUs vest on May 12, 2021, and shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, subject to any election to defer delivery of shares made by the Reporting Person.

F4: As previously reported on Table II of a Form 4 filed in connection therewith, on May 14, 2019, the Reporting Person was granted 1,979 RSUs which vested on the first anniversary of the grant date. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.