LOEWS CORP — Director's Dealing 2021

Jun 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2021-05-31

Reporting Person: LASKAWY PHILIP A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-31	Common Stock	M	1959	—	Acquired	7365	Direct
2021-06-01	Common Stock	M	1500	$42.02	Acquired	8865	Direct
2021-06-01	Common Stock	D	1071	$58.84	Disposed	7794	Direct
2021-06-01	Common Stock	S	429	$58.65	Disposed	7365	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-31	Restricted Stock Unit	$	M	1959	Disposed		Common Stock (1959)	Direct
2021-06-01	Stock Appreciation Right	$42.02	M	1500	Disposed	2021-06-30	Common Stock (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6000	Indirect

Footnotes

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

F2: Represents the weighted average price of multiple transactions with a range of prices between $58.65 and $58.84. 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.

F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F4: As previously reported on Table II of a Form 4 filed in connection therewith, on May 8, 2018, the Reporting Person was granted 1,952 RSUs which, together with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with such RSUs, vested on the first anniversary of the grant date. The Reporting Person elected to defer delivery of the common stock into which such RSUs vested until May 31, 2021. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.

F5: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.