Alpert Marc A 4
4 · LOEWS CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Loews Sr. VP Marc Alpert Sells 3,495 Shares, Receives 9,502 RSUs
What Happened Marc A. Alpert, Senior Vice President, General Counsel & Secretary of Loews Corp (L), completed open-market sales totaling 3,495 shares on Feb 10, 2026, and was recorded as acquiring 9,502 restricted stock units (RSUs) on Feb 9, 2026. The two sales were: 2,878 shares at a weighted-average price of $109.75 for proceeds of $315,861, and 617 shares at a weighted-average price of $110.41 for proceeds of $68,123 — total proceeds $383,984. The acquisition is an award of 9,502 RSUs (derivative) granted earlier and became payable after a performance metric was met.
Key Details
- Sales: Feb 10, 2026 — 2,878 shares at $109.75 (F1; price range $109.21–$110.19) and 617 shares at $110.41 (F2; price range $110.22–$111.05). Total proceeds $383,984. Transaction code: S (Sale, open market).
- Award/Acquisition: Feb 9, 2026 — 9,502 RSUs acquired (code A, derivative). Each RSU converts to one common share when vested (F3).
- RSU terms: Awarded Feb 17, 2025 contingent on a 2025 performance-based income metric; committee certified achievement on Feb 9, 2026. Vesting: 50% on Feb 17, 2027 and 50% on Feb 17, 2028; shares delivered within 30 days after vesting, subject to any deferral election (F4).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing: Report filed Feb 11, 2026 covering transactions through Feb 9–10, 2026. No late-filing flag indicated in the provided information.
Context
- The RSU entry is a contingent equity award (derivative) that vests in future years; it does not represent immediately tradable shares until vested and delivered.
- The sales were open-market disposals. Sales by insiders can be routine (tax, diversification, liquidity) and do not by themselves indicate company outlook; purchases generally carry clearer bullish signals.
Insider Transaction Report
Form 4
Alpert Marc A
Sr. VP, Gen. Coun. & Secy.
Transactions
- Sale
Common Stock
[F1]2026-02-10$109.75/sh−2,878$315,861→ 16,942 total - Sale
Common Stock
[F2]2026-02-10$110.41/sh−617$68,123→ 16,325 total - Award
Restricted Stock Units
[F3][F4]2026-02-09+9,502→ 9,502 total→ Common Stock (9,502 underlying)
Footnotes (4)
- [F1]Represents the weighted average price of multiple transactions with a range of prices between $109.21 and $110.19. The Reporting Person, upon request by the Commission Staff, the Issuer or security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
- [F2]Represents the weighted average price of multiple transactions with a range of prices between $110.22 and $111.05. The Reporting Person, upon request by the Commission Staff, the Issuer or security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
- [F3]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F4]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.
Signature
/s/ Thomas H. Watson by power of attorney for Marc A. Alpert|2026-02-11