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LOEWS CORP — Director's Dealing 2022
Feb 8, 2022
30284_dirs_2022-02-08_b5e7f8e1-ef75-4f09-a77d-9d0ae96cbe75.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2022-02-07
Reporting Person: EDELSON DAVID B (Sr. Vice President & CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-07 | Restricted Stock Units | $ | A | 15134 | Acquired | Common Stock (15134) | Direct |
Footnotes
F1: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2: 15,134 RSUs were awarded to the Reporting Person on February 8, 2021 subject to the Issuer achieving a pre-determined target level of performance-based income ("PBI Metric") for 2021. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 7, 2022. 50% of the 2021 RSUs vest on February 8, 2023 and the remaining 50% vest on February 8, 2024. 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.