4//SEC Filing
Alpert Marc A 4
Accession 0000060086-23-000062
CIK 0000060086other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 2:39 PM ET
Size
9.1 KB
Accession
0000060086-23-000062
Insider Transaction Report
Form 4
Alpert Marc A
Sr. VP, Gen. Coun. & Secy.
Transactions
- Exercise/Conversion
Common Stock
2023-02-10+6,691→ 17,066 total - Tax Payment
Common Stock
2023-02-10$61.75/sh−3,701$228,537→ 13,365 total - Exercise/Conversion
Restricted Stock Units
2023-02-10−6,691→ 0 total→ Common Stock (6,691 underlying)
Footnotes (3)
- [F1]Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 10, 2020, the Reporting Person was awarded 13,382 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2020. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 8, 2021 and the 2020 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission. 50% of these RSUs previously vested on February 10, 2022. The remaining 2020 RSUs vested on February 10, 2023. 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.
- [F2]The Reporting Person is reporting the withholding, by the Issuer, of 3,701 shares of common stock that vested in respect of the 2020 RSUs on February 10, 2023 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Documents
Issuer
LOEWS CORP
CIK 0000060086
Entity typeother
Related Parties
1- filerCIK 0001680117
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 2:39 PM ET
- Size
- 9.1 KB