0000060086-24-000054.txt : 20240209 0000060086-24-000054.hdr.sgml : 20240209 20240209162344 ACCESSION NUMBER: 0000060086-24-000054 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: SCOTT RICHARD WALDO CENTRAL INDEX KEY: 0001238752 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06541 FILM NUMBER: 24615373 MAIL ADDRESS: STREET 1: 667 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10065 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_1707513806.xml FORM 4 X0508 4 2024-02-07 0 0000060086 LOEWS CORP L 0001238752 SCOTT RICHARD WALDO C/O LOEWS CORPORATION 9 WEST 57TH STREET NEW YORK NY 10019 0 1 0 0 SVP & Chief Investment Officer 0 Common Stock 2024-02-07 4 M 0 6578 0 A 56822.8 D Common Stock 2024-02-07 4 F 0 2372 72.81 D 54450.8 D Common Stock 2024-02-08 4 M 0 7567 0 A 62017.8 D Common Stock 2024-02-08 4 F 0 2728 72.66 D 59289.8 D Restricted Stock Units 2024-02-07 4 M 0 6578 0 D Common Stock 6578 6579 D Restricted Stock Units 2024-02-08 4 M 0 7567 0 D Common Stock 7567 0 D Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 13,157 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. Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 15,134 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. 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 Richard W. Scott 2024-02-09