SCHWARTZ MARK S 4
4 · LOEWS CORP · Filed Feb 9, 2024
Insider Transaction Report
Form 4
SCHWARTZ MARK S
V.P., C.A.O. and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2024-02-07+4,111→ 16,011 total - Tax Payment
Common Stock
2024-02-07$72.81/sh−1,483$107,977→ 14,528 total - Exercise/Conversion
Common Stock
2024-02-08+4,743→ 19,271 total - Tax Payment
Common Stock
2024-02-08$72.66/sh−1,710$124,249→ 17,561 total - Exercise/Conversion
Restricted Stock Units
2024-02-07−4,111→ 4,112 total→ Common Stock (4,111 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-08−4,743→ 0 total→ Common Stock (4,743 underlying)
Footnotes (5)
- [F1]Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 7, 2022, the Reporting Person was awarded 8,223 RSUs ("2022 RSUs"). 50% of these RSUs vested on February 7, 2024. The remaining 2022 RSUs vest on February 7, 2025.
- [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.
- [F3]Represents the conversion upon vesting of RSUs into common stock. On February 8, 2021, the Reporting Person was awarded 9,485 RSUs ("2021 RSUs"). 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs vested on February 8, 2024.
- [F4]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.
- [F5]Each RSU represents a contingent right to receive one share of the Issuer's common stock.