Wang Jane J. 4

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.