LOEWS CORP — Director's Dealing 2020

Feb 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2020-02-10

Reporting Person: TISCH ANDREW H (Director, Co-Ch. of Bd/Off. Pres./Ch. EC)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-10	Restricted Stock Units	$	A	18795	Acquired		Common Stock (18795)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F2: 18,795 RSUs were awarded to the Reporting Person on February 11, 2019 subject to the Issuer achieving a pre-determined PBI Metric for 2019. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2020. 50% of the 2019 RSUs vest on February 11, 2021 and the remaining 50% vest on February 11, 2022. 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.