Wang Jane J. 4
4 · LOEWS CORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Loews (L) CFO Jane Wang Receives RSU Shares; Some Withheld for Taxes
What Happened
- Jane J. Wang, Senior Vice President & Chief Financial Officer of Loews Corp (L), had restricted stock units (RSUs) convert into 12,082 shares of common stock on Feb 5–6, 2026. Of those, the issuer withheld 5,352 shares to satisfy tax withholding obligations, valued at $245,123 (2,240 shares at $109.43) and $345,090 (3,112 shares at $110.89). The net shares issued to Ms. Wang were 6,730 shares. These transactions are conversions of previously granted RSUs (not open-market purchases or discretionary sales).
Key Details
- Transaction types: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax liability.
- Dates and prices: Feb 5, 2026 — 5,475 RSUs converted; 2,240 shares withheld at $109.43 ($245,123). Feb 6, 2026 — 6,607 RSUs converted; 3,112 shares withheld at $110.89 ($345,090).
- Total vested on these dates: 12,082 RSUs; total withheld: 5,352 shares (~$590,213); net issued to insider: 6,730 shares.
- Footnotes: 5,475 shares came from the 2024 RSU award (10,951 RSUs originally; 50% vested Feb 5, 2026; remainder vests Feb 5, 2027). 6,607 shares came from the 2023 RSU award (13,213 RSUs originally; remaining half vested Feb 6, 2026). Each RSU equals one share.
- Filing: Form 4 filed Feb 6, 2026 for transactions on Feb 5–6, 2026. The filing does not appear to be late based on these dates. Shares owned after the transactions were not specified in the provided data.
Context
- These were standard RSU vesting events with a “sell-to-cover” style withholding for taxes by the company; this is routine and does not represent an open-market sale or new purchase decision by the insider.
- For retail investors: vesting and tax-withholding transactions are administrative (compensation) events. Purchases by insiders are generally more informative about personal bullishness than routine vesting and withholding.
Insider Transaction Report
Form 4
Wang Jane J.
Sr. Vice President & CFO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-05+5,475→ 17,787 total - Tax Payment
Common Stock
[F2]2026-02-05$109.43/sh−2,240$245,123→ 15,547 total - Exercise/Conversion
Common Stock
[F3]2026-02-06+6,607→ 22,154 total - Tax Payment
Common Stock
[F4]2026-02-06$110.89/sh−3,112$345,090→ 19,042 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 Jane J. Wang|2026-02-06