LOEWS CORP — Director's Dealing 2021

May 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2021-05-17

Reporting Person: SIEGEL KENNETH I (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-17	Common Stock	M	11250	$41.93	Acquired	18243	Direct
2021-05-17	Common Stock	M	11250	$43.89	Acquired	29493	Direct
2021-05-17	Common Stock	M	11250	$44.44	Acquired	40743	Direct
2021-05-17	Common Stock	M	11250	$46.99	Acquired	51993	Direct
2021-05-17	Common Stock	D	33971	$58.70	Disposed	18022	Direct
2021-05-17	Common Stock	S	11029	$58.50	Disposed	6993	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-17	Stock Appreciation Right	$41.93	M	11250	Disposed	2023-01-08	Common Stock (11250)	Direct
2021-05-17	Stock Appreciation Right	$43.89	M	11250	Disposed	2023-01-08	Common Stock (11250)	Direct
2021-05-17	Stock Appreciation Right	$44.44	M	11250	Disposed	2023-01-08	Common Stock (11250)	Direct
2021-05-17	Stock Appreciation Right	$46.99	M	11250	Disposed	2023-01-08	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $58.40 and $58.81. 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.

F2: The Stock Appreciation Rights became exercisable in quarterly installments beginning on January 8, 2014.

F3: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.