4//SEC Filing
Alpert Marc A 4
Accession 0000060086-25-000027
CIK 0000060086other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 5:06 PM ET
Size
17.2 KB
Accession
0000060086-25-000027
Insider Transaction Report
Form 4
Alpert Marc A
Sr. VP, Gen. Coun. & Secy.
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-02-07−6,579→ 0 total→ Common Stock (6,579 underlying) - Exercise/Conversion
Common Stock
2025-02-06+6,606→ 16,606 total - Tax Payment
Common Stock
2025-02-06$86.28/sh−2,700$232,956→ 13,906 total - Tax Payment
Common Stock
2025-02-07$86.81/sh−2,896$251,402→ 17,589 total - Award
Restricted Stock Units
2025-02-10+10,951→ 10,951 total→ Common Stock (10,951 underlying) - Exercise/Conversion
Common Stock
2025-02-07+6,579→ 20,485 total - Exercise/Conversion
Restricted Stock Units
2025-02-06−6,606→ 6,607 total→ Common Stock (6,606 underlying)
Footnotes (6)
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
LOEWS CORP
CIK 0000060086
Entity typeother
Related Parties
1- filerCIK 0001680117
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 5:06 PM ET
- Size
- 17.2 KB