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