Alpert Marc A 4

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.