Form 4 for L Loews Corporation
Accepted 2025-02-10 00:00:00 ET · period of report 2025-02-07 · accession 0000060086-25-000026 · 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 | 2025-02-10 | 2025-02-07 | L | Tisch Alexander H | VP, Pres, CEO, Loews Hotels | M - OptEx | $86.81 | +3,701 | 49.3K | +8% | +$321.3K |
| D | 2025-02-10 | 2025-02-10 | L | Tisch Alexander H | VP, Pres, CEO, Loews Hotels | A - Grant | $0.00 | +11.0K | 11.0K | New | $0 |
| D | 2025-02-10 | 2025-02-07 | L | Tisch Alexander H | VP, Pres, CEO, Loews Hotels | M - OptEx | $0.00 | -3,701 | 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 | 2025-02-07 | M | A | 3,701 | $86.81 | 49,282.90 | 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"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025. |
| 2 | Derivative | Restricted Stock Units | 2025-02-10 | A | A | 10,951 | $0.00 | 10,951 | D | — · — to — | 10,951 Common Stock | (F2) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F3) The RSUs were awarded to the Reporting Person on February 5, 2024 subject to the Issuer achieving a pre-determined level of performance-based income ("PBI Metric") for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025. 50% of the RSUs vest on February 5, 2026 and the remaining 50% vest on February 5, 2027. 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. |
| 3 | Derivative | Restricted Stock Units | 2025-02-07 | M | D | 3,701 | $0.00 | 0 | D | — · — to — | 3,701 Common Stock | (F2) 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"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025. |