SIEGEL KENNETH I 4
4 · LOEWS CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Loews (L) Kenneth Siegel Receives 9,502 RSU Award
What Happened
Kenneth I. Siegel, Senior Vice President of Loews Corp (L), was granted 9,502 restricted stock units (RSUs) on February 9, 2026. The award is reported as a derivative grant at $0.00 per share (no cash purchase); the RSUs represent a contingent right to receive one share each subject to vesting. This is an award/grant rather than a market purchase or sale.
Key Details
- Transaction date: February 9, 2026; Report filed: February 11, 2026 (appears timely under Form 4 rules).
- Grant amount: 9,502 RSUs; reported price: $0.00 (derivative award).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each RSU equals a contingent right to one share of Loews common stock.
- F2: RSUs were originally awarded Feb 17, 2025 but were contingent on Loews achieving a pre-determined 2025 performance-based income (PBI) metric; the Compensation Committee determined the metric was met on Feb 9, 2026. Vesting: 50% on Feb 17, 2027 and 50% on Feb 17, 2028. Shares will be delivered within 30 days after vesting, unless the recipient elects to defer delivery.
- No indication of tax withholding or sale of shares at vesting in this filing.
Context
RSU grants are compensation awards, not open-market buys or sales, so they don't directly signal a personal purchase decision. These RSUs are performance-contingent and vest over two years; upon vesting they convert into actual shares deliverable to the insider (subject to any deferral elections).
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-09+9,502→ 9,502 total→ Common Stock (9,502 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 February 17, 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 February 17, 2027 and the remaining 50% vest on February 17, 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.