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LOEWS CORP — Director's Dealing 2025
Feb 10, 2025
30284_dirs_2025-02-10_bd97a472-d7c1-4c2d-9196-cfcface122bb.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: 2025-02-10
Reporting Person: TISCH JAMES S (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-10 | Restricted Stock Units | $ | A | 13689 | Acquired | Common Stock (13689) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2: 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. As a result of the Reporting Person's retirement on December 31, 2024, the RSUs are fully vested and the underlying shares of the Issuer's common stock will be delivered to the Reporting Person following a six-month delay required under Section 409A of the Internal Revenue Code.