X0306 4 2020-05-12 0 0000060086 LOEWS CORP L 0001070938 FRIBOURG PAUL J C/O LOEWS CORPORATION 667 MADISON AVENUE NEW YORK NY 10065 1 0 0 0 Restricted Stock Units 2020-05-12 4 A 0 3292 0 A Common Stock 3292 3292 D Each restricted stock unit (each, an "RSU") represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest on May 12, 2021. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, subject to any election to defer delivery of shares made by the Reporting Person. /s/ Thomas H. Watson by power of attorney for Paul J. Fribourg 2020-05-14