Form 4 for L Loews Corporation
Accepted 2024-02-09 00:00:00 ET · period of report 2024-02-07 · accession 0000060086-24-000052 · 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 JONATHAN M | Co-Ch. of Bd, Off. of the Pres, Dir | S - Sale+OE | $72.27 | -7,962 | 106.9K | -7% | -$575.4K |
| DM | 2024-02-09 | 2024-02-07+ | L | TISCH JONATHAN M | Co-Ch. of Bd, Off. of the Pres, Dir | F - Tax | $72.73 | -9,853 | 110.5K | -8% | -$716.6K |
| DM | 2024-02-09 | 2024-02-07+ | L | TISCH JONATHAN M | Co-Ch. of Bd, Off. of the Pres, Dir | M - OptEx | $0.00 | +17.8K | 116.5K | +18% | $0 |
| DM | 2024-02-09 | 2024-02-07+ | L | TISCH JONATHAN M | Co-Ch. of Bd, Off. of the Pres, Dir | M - OptEx | $0.00 | -17.8K | 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 | S | D | 3,675 | $72.69 | 106,870 | D | — | — | (F4) Represents the weighted average price of multiple transactions with a range of prices between $72.45 and $72.92. The Reporting Person, upon request by the SEC 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. |
| 2 | Common | Common Stock | 2024-02-08 | F | D | 5,305 | $72.66 | 111,157 | D | — | — | (F6) 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. |
| 3 | Common | Common Stock | 2024-02-08 | S | D | 4,287 | $71.91 | 106,870 | D | — | — | (F7) Represents the weighted average price of multiple transactions with a range of prices between $71.57 and $72.14. The Reporting Person, upon request by the SEC 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 | 2024-02-07 | F | D | 4,548 | $72.81 | 110,545 | D | — | — | (F2) 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. |
| 5 | Common | Common Stock | 2024-02-07 | M | A | 8,223 | $0.00 | 115,093 | D | — | — | (F1) Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 16,447 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. |
| 6 | Common | Common Stock | 2024-02-08 | M | A | 9,592 | $0.00 | 116,462 | D | — | — | (F5) Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 19,184 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. |
| 7 | Derivative | Restricted Stock Units | 2024-02-07 | M | D | 8,223 | $0.00 | 8,224 | D | — · — to — | 8,223 Common Stock | (F8) 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 16,447 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. |
| 8 | Derivative | Restricted Stock Units | 2024-02-08 | M | D | 9,592 | $0.00 | 0 | D | — · — to — | 9,592 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F5) Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 19,184 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. |