LOEWS CORP|4Feb 11, 4:20 PM ET

Czerniecki David 4

4 · LOEWS CORP · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

Loews (L) SVP & CIO David Czerniecki Receives RSU Award

What Happened

David Czerniecki, SVP & Chief Investment Officer of Loews Corp (L), was awarded 8,311 Restricted Stock Units (RSUs) effective February 9, 2026. The Form 4 reports the acquisition as a derivative award (A) with a reported price of $0 per unit (RSUs are contingent rights to shares rather than immediate stock purchases).

Key Details

Transaction date: February 9, 2026; Form 4 filed February 11, 2026.
Reported amount: 8,311 RSUs; filing lists $0 per unit (derivative award), so no cash purchase or sale occurred.
Vesting: 50% vest on September 2, 2027; remaining 50% vest on September 2, 2028.
Origin/condition: RSUs were originally awarded Sept 2, 2025 contingent on a 2025 performance-based income (PBI) metric; the Compensation Committee certified achievement on Feb 9, 2026 (footnote F2).
Delivery: Shares will be delivered within 30 days after each vesting date unless Czerniecki elects to defer delivery.
Shares owned after the transaction: not specified in the provided filing excerpt.
Timeliness: Form filed Feb 11, 2026; no late-filing flag noted in the provided data.

Context

RSUs are compensation awards (not open-market purchases or sales). They do not represent immediate share ownership until they vest and are settled, and therefore are not direct bullish/bearish trading signals. This award reflects compensation tied to company performance for 2025 and results in potential future issuance of shares if vesting conditions are met.

Form 4

Period: 2026-02-09

SVP & Chief Investment Officer

Transactions

Award
Restricted Stock Units
[F1][F2]
2026-02-09+8,311→ 8,311 total
→ Common Stock (8,311 underlying)

Footnotes (2)

[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 September 2, 2025 subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2025. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 9, 2026. 50% of the RSUs vest on September 2, 2027 and the remaining 50% vest on September 2, 2028. 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.

Signature

/s/ Thomas H. Watson by power of attorney for David E. Czerniecki|2026-02-11

1 file