LOEWS CORP 4
4 · LOEWS CORP · Filed May 11, 2016
Insider Transaction Report
Form 4
GARSON GARY W
Sr. Vice Pres., GC & Sec.
Transactions
- Award
Restricted Stock Units
2016-05-10+20,000→ 20,000 total→ Common Stock (20,000 underlying) - Award
Restricted Stock Units
2016-05-10+33.22→ 20,033.22 total→ Common Stock (33.22 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs were awarded to the Reporting Person on February 11, 2016, subject to approval of the Issuer's 2016 Incentive Compensation Plan (the "Plan") by its shareholders. The Issuer's shareholders approved the Plan at the Issuer's annual meeting of shareholders on May 10, 2016 (the "Annual Meeting").
- [F3]Represents additional RSUs awarded to the Reporting Person on account of dividend equivalent rights awarded on March 14, 2016 associated with previously awarded RSUs, subject to approval of the Plan by the Issuer's shareholders at the Annual Meeting. The Issuer's shareholders approved the Plan at the Annual Meeting.
- [F4]50% of the RSUs vest on February 11, 2018 and 50% vest on February 11, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting.