Form 4 for L Loews Corporation
Accepted 2023-02-08 00:00:00 ET · period of report 2023-02-06 · accession 0000060086-23-000028 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-08 | 2023-02-07 | L | SCOTT RICHARD WALDO | SVP, CIO | D - Sale to Iss | $60.85 | -32.5K | 55.4K | -37% | -$1.98M |
| DM | 2023-02-08 | 2023-02-07 | L | SCOTT RICHARD WALDO | SVP, CIO | M - OptEx | $43.94 | +45.0K | 54.2K | +491% | +$1.98M |
| D | 2023-02-08 | 2023-02-07 | L | SCOTT RICHARD WALDO | SVP, CIO | S - Sale+OE | $62.51 | -12.5K | 42.9K | -23% | -$781.8K |
| DM | 2023-02-08 | 2023-02-07 | L | SCOTT RICHARD WALDO | SVP, CIO | M - OptEx | $0.00 | +45.0K | 0 | New | $0 |
| D | 2023-02-08 | 2023-02-06 | L | SCOTT RICHARD WALDO | SVP, CIO | A - Grant | $0.00 | +13.2K | 13.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-07 | D | D | 32,494 | $60.85 | 55,425.80 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-07 | M | A | 11,250 | $43.83 | 76,669.80 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-07 | S | D | 12,506 | $62.51 | 42,919.80 | D | — | — | (F1) Represents the weighted average price of multiple transactions with a range of prices between $62.29 and $62.71. The Reporting Person, upon request by the Commission 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. |
| 4 | Common | Common Stock | 2023-02-07 | M | A | 11,250 | $41.98 | 87,919.80 | D | — | — | |
| 5 | Common | Common Stock | 2023-02-07 | M | A | 11,250 | $43.37 | 65,419.80 | D | — | — | |
| 6 | Common | Common Stock | 2023-02-07 | M | A | 11,250 | $46.58 | 54,169.80 | D | — | — | |
| 7 | Derivative | Stock Appreciation Right | 2023-02-07 | M | A | 11,250 | $0.00 | 0 | D | $46.58 · — to 2024-01-14 | 11,250 Common Stock | (F4) The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 14, 2015. |
| 8 | Derivative | Stock Appreciation Right | 2023-02-07 | M | A | 11,250 | $0.00 | 0 | D | $43.37 · — to 2024-01-14 | 11,250 Common Stock | (F4) The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 14, 2015. |
| 9 | Derivative | Restricted Stock Units | 2023-02-06 | A | A | 13,157 | $0.00 | 13,157 | D | — · — to — | 13,157 Common Stock | (F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F3) 13,157 RSUs were awarded to the Reporting Person on February 7, 2022 subject to the Issuer achieving a pre-determined target 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. 50% of the 2022 RSUs vest on February 7, 2024 and the remaining 50% vest on February 7, 2025. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person. |
| 10 | Derivative | Stock Appreciation Right | 2023-02-07 | M | A | 11,250 | $0.00 | 0 | D | $41.98 · — to 2024-01-14 | 11,250 Common Stock | (F4) The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 14, 2015. |
| 11 | Derivative | Stock Appreciation Right | 2023-02-07 | M | A | 11,250 | $0.00 | 0 | D | $43.83 · — to 2024-01-14 | 11,250 Common Stock | (F4) The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 14, 2015. |