FRIBOURG PAUL J 4

What Happened
Paul J. Fribourg, a director of Loews Corporation (L), was granted 223 shares as an award (transaction code A) on 2026-06-30. The shares were reported as acquired at $0.00 (director compensation); the filing lists the grant as a quarterly director compensation award under the Loews Corporation 2025 Incentive Compensation Plan.

Key Details

• Transaction date: 2026-06-30; Price reported: $0.00 (award/grant).
• Shares acquired: 223 common shares.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote: F1 — represents quarterly grant of common stock under the 2025 Incentive Compensation Plan.
• Filing timeliness: Form filed 2026-07-01 (timely relative to the report date).

Context
This was a compensation award to a board member, not an open‑market purchase or sale. Director awards are routine and reflect compensation practices rather than a direct trading signal; purchases by insiders are generally more indicative of personal bullishness. No tax‑withholding, sale, or option exercise was reported in this transaction.