Tisch Alexander H 4
4 · LOEWS CORP · Filed Feb 10, 2025
Insider Transaction Report
Form 4
Tisch Alexander H
VP; Pres. & CEO, Loews Hotels
Transactions
- Exercise/Conversion
Common Stock
2025-02-07$86.81/sh+3,701$321,284→ 49,282.9 total - Award
Restricted Stock Units
2025-02-10+10,951→ 10,951 total→ Common Stock (10,951 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-07−3,701→ 0 total→ Common Stock (3,701 underlying)
Footnotes (3)
- [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.
- [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.