TISCH ANDREW H 4

What Happened Andrew H. Tisch, Director Emeritus of Loews Corp (ticker: L), sold a total of 100,000 Loews shares in open-market transactions executed on March 11–12, 2026. The sales consisted of one block of 50,000 shares at an average price of $108.81 ($5,440,500), two identical blocks of 24,801 shares at an average price of $108.67 (each ~$2,695,125), and two small blocks of 199 shares at an average price of $109.44 (each ~$21,779). The combined proceeds reported equal approximately $10.87 million. These were outright sales (S), which are often routine liquidity transactions rather than affirmative bullish purchases.

Key Details

• Transaction dates: March 11, 2026 (50,000 shares) and March 12, 2026 (remaining 50,000 shares across multiple executions).
• Reported prices (averages): $108.81; $108.67; $109.44. Footnotes indicate multiple execution prices in ranges:
  • F1 range: $108.53–$109.30
  • F2 range: $108.39–$109.38
  • F3 range: $109.40–$109.48 Reporting person will provide per-price breakouts on request.
• Total shares sold: 100,000; total proceeds: ≈ $10,874,308.
• Shares owned after transaction: Not specified in the provided filing data.
• Filing: Form 4 filed on March 13, 2026 (covers trades on Mar 11–12); filing appears to have been made within typical Form 4 timing requirements.

Context

• These were open-market sales (code S). Sales do not necessarily indicate negative views on the company — they can reflect routine portfolio or tax/planning needs.
• Footnotes show the reported prices are weighted averages across multiple executions; small per-trade price variation is present.
• No options exercise, gifts, 10b5-1 plan, or tax-withholding codes were indicated in the provided details.