SCOTT RICHARD WALDO 4
4 · LOEWS CORP · Filed Feb 6, 2024
Insider Transaction Report
Form 4
SCOTT RICHARD WALDO
SVP & Chief Investment Officer
Transactions
- Award
Restricted Stock Units
2024-02-05+13,213→ 13,213 total→ Common Stock (13,213 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs were awarded to the Reporting Person on February 6, 2023 subject to the Issuer achieving a pre-determined target 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. 50% of the RSUs vest on February 6, 2025 and the remaining 50% vest on February 6, 2026. 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.