Form 4 for L Loews Corporation
Accepted 2024-02-09 00:00:00 ET · period of report 2024-02-07 · accession 0000060086-24-000049 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-09 | 2024-02-07+ | L | Tisch Benjamin J | SVP, Corp Dev, Strategy | M - OptEx | $0.00 | +7,430 | 363.0K | +2% | $0 |
| DM | 2024-02-09 | 2024-02-07+ | L | Tisch Benjamin J | SVP, Corp Dev, Strategy | M - OptEx | $0.00 | -7,430 | 0 | -100% | $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 | 2024-02-07 | M | A | 3,700 | $0.00 | 359,311.80 | D | — | — | (F1) Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 7,401 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. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vest on February 7, 2025. |
| 2 | Common | Common Stock | 2024-02-08 | M | A | 3,730 | $0.00 | 363,041.80 | D | — | — | (F2) Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 7,460 RSUs ("2021 RSUs"). 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs vested on February 8, 2024. |
| 3 | Derivative | Restricted Stock Units | 2024-02-07 | M | D | 3,700 | $0.00 | 3,701 | D | — · — to — | 3,700 Common Stock | (F3) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F1) Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 7,401 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. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vest on February 7, 2025. |
| 4 | Derivative | Restricted Stock Units | 2024-02-08 | M | D | 3,730 | $0.00 | 0 | D | — · — to — | 3,730 Common Stock | (F3) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F2) Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 7,460 RSUs ("2021 RSUs"). 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs vested on February 8, 2024. |