Alpert Marc A 4
4 · LOEWS CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Loews (L) Marc Alpert Receives RSUs; Shares Withheld for Taxes
What Happened
- Marc A. Alpert, Senior Vice President, General Counsel & Secretary of Loews Corp (L), had restricted stock units (RSUs) convert to common stock on Feb 5–6, 2026. He acquired 12,082 shares (5,475 on Feb 5 and 6,607 on Feb 6) at $0.00 per share (RSU conversion).
- To satisfy tax withholding obligations, 5,351 of those shares were withheld/sold: 2,239 shares at $109.43 for $245,014 (Feb 5) and 3,112 shares at $110.89 for $345,090 (Feb 6), totaling $590,104 in proceeds. Net shares issued to Mr. Alpert after withholding: 6,731.
Key Details
- Transaction dates and prices: Feb 5, 2026 — 5,475 RSUs converted; 2,239 shares withheld at $109.43 (proceeds $245,014). Feb 6, 2026 — 6,607 RSUs converted; 3,112 shares withheld at $110.89 (proceeds $345,090).
- Share totals: 12,082 shares converted; 5,351 withheld/sold; net retained 6,731 shares.
- Footnotes: RSUs were performance-based awards from prior years (10,951 RSUs awarded Feb 5, 2024 — 50% vested Feb 5, 2026; and 13,213 RSUs awarded Feb 6, 2023 — remaining 50% vested Feb 6, 2026). Each RSU converts to one share. Withholding (code F) reflects shares retained by the issuer to cover taxes.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
- Filing: Report filed Feb 6, 2026 (prompt reporting of the vesting/withholding events).
Context
- These transactions reflect routine RSU vesting and tax-withholding by the company (not an open-market decision to sell shares). The $0.00 per-share exercise price indicates conversion of RSUs rather than an option purchase.
- For retail investors: vesting + withholding is common compensation processing and does not necessarily signal insider buying or directional sentiment.
Insider Transaction Report
Form 4
Alpert Marc A
Sr. VP, Gen. Coun. & Secy.
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-05+5,475→ 18,564 total - Tax Payment
Common Stock
[F2]2026-02-05$109.43/sh−2,239$245,014→ 16,325 total - Exercise/Conversion
Common Stock
[F3]2026-02-06+6,607→ 22,932 total - Tax Payment
Common Stock
[F4]2026-02-06$110.89/sh−3,112$345,090→ 19,820 total - Exercise/Conversion
Restricted Stock Units
[F5][F1]2026-02-05−5,475→ 5,476 total→ Common Stock (5,475 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F3]2026-02-06−6,607→ 0 total→ Common Stock (6,607 underlying)
Footnotes (5)
- [F1]Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 5, 2024, the Reporting Person was awarded 10,951 RSUs ("2024 RSUs"), subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2024. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 10, 2025 and the 2024 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission (the "SEC"). 50% of these RSUs vested on February 5, 2026. The remaining 2024 RSUs vest on February 5, 2027.
- [F2]The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2024 RSUs on February 5, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- [F3]Represents the conversion upon vesting of RSUs into common stock. On February 6, 2023, the Reporting Person was awarded 13,213 RSUs ("2023 RSUs"), subject to the Issuer achieving a PBI metric for 2023. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 5, 2024 and the 2023 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs vested on February 6, 2025. The remaining 2023 RSUs vested on February 6, 2026.
- [F4]The Reporting Person is reporting the withholding by the Issuer of shares of common stock that vested in respect of the 2023 RSUs on February 6, 2026 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
- [F5]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Signature
/s/ Thomas H. Watson by power of attorney for Marc A. Alpert|2026-02-06