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LOEWS CORP — Director's Dealing 2022
Feb 14, 2022
30284_dirs_2022-02-14_cb353b14-6847-4bde-bfd8-5aa23221a53a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2022-02-10
Reporting Person: SCHWARTZ MARK S (V.P., C.A.O. and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-10 | Common Stock | M | 4193 | — | Acquired | 10379 | Direct |
| 2022-02-10 | Common Stock | F | 1512 | $61.58 | Disposed | 8867 | Direct |
| 2022-02-11 | Common Stock | M | 4647 | — | Acquired | 13514 | Direct |
| 2022-02-11 | Common Stock | F | 1676 | $62.10 | Disposed | 11838 | Direct |
| 2022-02-11 | Common Stock | S | 5652 | $62.38 | Disposed | 6186 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-10 | Restricted Stock Units | $ | M | 4193 | Disposed | Common Stock (4193) | Direct | |
| 2022-02-11 | Restricted Stock Units | $ | M | 4647 | Disposed | Common Stock (4647) | Direct |
Footnotes
F1: Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 10, 2020, the Reporting Person was awarded 8,387 RSUs. 50% of these RSUs vested on February 10, 2022. The remaining 2020 RSUs will vest 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 the shares by the Reporting Person.
F2: The Reporting Person is reporting the withholding, by the Issuer, of 1,512 shares of common stock that vested in respect of the 2020 RSUs on February 10, 2022 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
F3: Represents the conversion upon vesting of RSUs into common stock. The Reporting Person was awarded 9,293 RSUs on February 11, 2019. 50% of these RSUs previously vested on February 11, 2021. The remaining 2019 RSUs vested on February 11, 2022.
F4: The Reporting Person is reporting the withholding, by the Issuer, of 1,676 shares of common stock that vested in respect of the 2019 RSUs on February 11, 2022 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
F5: Each RSU represents a contingent right to receive one share of the Issuer's common stock.