LOEWS CORP — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2023-01-03

Reporting Person: TISCH JONATHAN M (Director, Co-Ch. of Bd/Off. of the Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-03	Common Stock	M	15000	$41.93	Acquired	15000	Direct
2023-01-03	Common Stock	M	15000	$43.89	Acquired	30000	Direct
2023-01-03	Common Stock	M	15000	$44.44	Acquired	45000	Direct
2023-01-03	Common Stock	M	15000	$46.99	Acquired	60000	Direct
2023-01-03	Common Stock	D	45533	$58.39	Disposed	14467	Direct
2023-01-03	Common Stock	S	14467	$58.40	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-03	Stock Appreciation Right	$41.93	M	15000	Disposed	2023-01-08	Common Stock (15000.0)	Direct
2023-01-03	Stock Appreciation Right	$43.89	M	15000	Disposed	2023-01-08	Common Stock (15000.0)	Direct
2023-01-03	Stock Appreciation Right	$44.44	M	15000	Disposed	2023-01-08	Common Stock (15000.0)	Direct
2023-01-03	Stock Appreciation Right	$46.99	M	15000	Disposed	2023-01-08	Common Stock (15000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8683932	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $58.12 and $59.04. 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 equal 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.