0000060086-24-000052.txt : 20240209
0000060086-24-000052.hdr.sgml : 20240209
20240209162113
ACCESSION NUMBER: 0000060086-24-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240207
FILED AS OF DATE: 20240209
DATE AS OF CHANGE: 20240209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TISCH JONATHAN M
CENTRAL INDEX KEY: 0001009306
ORGANIZATION NAME:
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06541
FILM NUMBER: 24615318
MAIL ADDRESS:
STREET 1: 667 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10021-8087
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LOEWS CORP
CENTRAL INDEX KEY: 0000060086
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 132646102
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019-2714
BUSINESS PHONE: 212-521-2000
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019-2714
4
1
wk-form4_1707513663.xml
FORM 4
X0508
4
2024-02-07
0
0000060086
LOEWS CORP
L
0001009306
TISCH JONATHAN M
C/O LOEWS CORPORATION
9 WEST 57TH STREET
NEW YORK
NY
10019
1
1
0
0
Co-Ch. of Bd/Off. of the Pres.
1
Common Stock
2024-02-07
4
M
0
8223
0
A
115093
D
Common Stock
2024-02-07
4
F
0
4548
72.81
D
110545
D
Common Stock
2024-02-07
4
S
0
3675
72.69
D
106870
D
Common Stock
2024-02-08
4
M
0
9592
0
A
116462
D
Common Stock
2024-02-08
4
F
0
5305
72.66
D
111157
D
Common Stock
2024-02-08
4
S
0
4287
71.91
D
106870
D
Common Stock
7877062
I
By Trusts
Restricted Stock Units
2024-02-07
4
M
0
8223
0
D
Common Stock
8223
8224
D
Restricted Stock Units
2024-02-08
4
M
0
9592
0
D
Common Stock
9592
0
D
Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 16,447 RSUs ("2022 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2022. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 6, 2023 and the 2022 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vest on February 7, 2025.
The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2022 RSUs on February 7, 2024 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2023.
Represents the weighted average price of multiple transactions with a range of prices between $72.45 and $72.92. The Reporting Person, upon request by the SEC 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.
Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 19,184 RSUs ("2021 RSUs"), subject to the Issuer achieving a pre-determined 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 and the 2021 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs vested on February 8, 2024.
The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2021 RSUs on February 8, 2024 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
Represents the weighted average price of multiple transactions with a range of prices between $71.57 and $72.14. The Reporting Person, upon request by the SEC 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.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
/s/ Thomas H. Watson, by power of attorney for Jonathan M. Tisch
2024-02-09