Tisch Benjamin J 4

What Happened Benjamin J. Tisch, President & Chief Executive Officer and a director of Loews Corporation (L), was granted 10,690 restricted stock units (RSUs) reported as an acquisition of a derivative security. The filing reports an acquisition date of 2026-02-09 at $0.00 per unit (these are awards, not open-market purchases), with no immediate cash value shown on the Form 4. The RSUs were originally awarded on February 17, 2025 but were contingent on a 2025 performance-based income (PBI) metric that the company’s Compensation Committee certified as achieved on February 9, 2026.

Key Details

• Transaction type: A = Award/Grant of RSUs (derivative interest).
• Transaction date: 2026-02-09; Amount: 10,690 RSUs; Price reported: $0.00 (award).
• Vesting/delivery: 50% vests on Feb 17, 2027 and 50% on Feb 17, 2028; shares delivered within 30 days after vesting, subject to any deferral election. (Footnotes F1 & F2)
• Shares owned after transaction: Not specified in the provided filing data.
• Filing date: 2026-02-11 — appears to have been filed within the typical two-business-day window.

Context RSUs are compensation awards that convert into company shares upon vesting; they are not immediate purchases or sales and therefore don’t directly signal a buy/sell sentiment. This grant reflects achievement of a company performance goal for 2025 and part of ongoing executive compensation, with staggered vesting over 2027–2028.