X0306 4 2020-02-13 0 0000060086 LOEWS CORP L 0001009879 TISCH ANDREW H 667 MADISON AVENUE NEW YORK NY 10065-8087 1 1 0 0 Co-Ch. of Bd/Off. Pres./Ch. EC Common Stock 2020-02-13 4 M 0 9803 0 A 9803 D Common Stock 2020-02-13 4 F 0 5218 53.93 D 4585 D Common Stock 2020-02-13 4 S 0 4585 54.01 D 0 D Common Stock 14809184 I By Trusts Restricted Stock Units 2020-02-13 4 M 0 9803 0 D Common Stock 9803 0 D Represents the conversion upon vesting of Restricted Stock Units ("RSUs") into common stock. On February 13, 2017, the Reporting Person was awarded 19,405 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2017. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 12, 2018 and the 2017 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs (along with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights) previously vested on February 13, 2019. The remaining 2017 RSUs vested on February 13, 2020. The Reporting Person is reporting the withholding, by the Issuer, of 5,218 shares of common stock that vested in respect of the 2017 RSUs on February 13, 2020 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 $53.92 and $54.10. 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 Andrew H. Tisch 2020-02-14