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LOEWS CORP — Director's Dealing 2025
Feb 10, 2025
30284_dirs_2025-02-10_c3161808-4f29-4ef3-a53b-603918122a0f.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: 2025-02-07
Reporting Person: Tisch Alexander H (VP; Pres. & CEO, Loews Hotels)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-07 | Common Stock | M | 3701 | $86.81 | Acquired | 49282.9 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-07 | Restricted Stock Units | $ | M | 3701 | Disposed | Common Stock (3701) | Direct | |
| 2025-02-10 | Restricted Stock Units | $ | A | 10951 | Acquired | Common Stock (10951) | Direct |
Footnotes
F1: Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 7,401 RSUs ("2022 RSUs"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025.
F2: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3: The RSUs were awarded to the Reporting Person on February 5, 2024 subject to the Issuer achieving a pre-determined level of performance-based income ("PBI Metric") for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025. 50% of the RSUs vest on February 5, 2026 and the remaining 50% vest on February 5, 2027. 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.