Alpert Marc A 4

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.