SIEGEL KENNETH I 4

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).