Form 4 for L Loews Corporation
Accepted 2025-02-10 00:00:00 ET · period of report 2025-02-06 · accession 0000060086-25-000030 · 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 | 2025-02-10 | 2025-02-06+ | L | SIEGEL KENNETH I | SVP | M - OptEx | $0.00 | +13.2K | 6,606 | New | $0 |
| DM | 2025-02-10 | 2025-02-06+ | L | SIEGEL KENNETH I | SVP | F - Tax | $86.55 | -5,595 | 7,590 | -42% | -$484.3K |
| DM | 2025-02-10 | 2025-02-06+ | L | SIEGEL KENNETH I | SVP | M - OptEx | $0.00 | -13.2K | 0 | -100% | $0 |
| D | 2025-02-10 | 2025-02-10 | L | SIEGEL KENNETH I | SVP | A - Grant | $0.00 | +11.0K | 11.0K | 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 | 2025-02-07 | M | A | 6,579 | $0.00 | 10,486 | D | — | — | (F3) Represents the conversion upon vesting of RSUs into common stock. On February 7, 2022, the Reporting Person was awarded 13,157 RSUs ("2022 RSUs"), subject to the Issuer achieving a 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 SEC. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025. |
| 2 | Common | Common Stock | 2025-02-06 | F | D | 2,699 | $86.28 | 3,907 | D | — | — | (F2) The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2025 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith. |
| 3 | Common | Common Stock | 2025-02-06 | M | A | 6,606 | $0.00 | 6,606 | D | — | — | (F1) Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 6, 2023, the Reporting Person was awarded 13,213 RSUs ("2023 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vest on February 6, 2026. |
| 4 | Common | Common Stock | 2025-02-07 | F | D | 2,896 | $86.81 | 7,590 | D | — | — | (F4) 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, 2025 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith. |
| 5 | Derivative | Restricted Stock Units | 2025-02-06 | M | D | 6,606 | $0.00 | 6,607 | D | — · — to — | 6,606 Common Stock | (F5) 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 6, 2023, the Reporting Person was awarded 13,213 RSUs ("2023 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vest on February 6, 2026. |
| 6 | Derivative | Restricted Stock Units | 2025-02-07 | M | D | 6,579 | $0.00 | 0 | D | — · — to — | 6,579 Common Stock | (F5) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F3) Represents the conversion upon vesting of RSUs into common stock. On February 7, 2022, the Reporting Person was awarded 13,157 RSUs ("2022 RSUs"), subject to the Issuer achieving a 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 SEC. 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vested on February 7, 2025. |
| 7 | Derivative | Restricted Stock Units | 2025-02-10 | A | A | 10,951 | $0.00 | 10,951 | D | — · — to — | 10,951 Common Stock | (F5) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F6) The RSUs were awarded to the Reporting Person on February 5, 2024 subject to the Issuer achieving a 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. |