Tisch Alexander H 4
4 · LOEWS CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Loews (L) President & CEO Alexander Tisch Receives RSU Award
What Happened
Alexander H. Tisch (Loews Corp VP; President & CEO, Loews Hotels) was granted 10,690 Restricted Stock Units (RSUs) reported on 2026-02-09. The RSUs are a contingent right to receive one share each (acquired at $0.00 on the Form 4); there was no cash purchase. The grant was originally awarded Feb 17, 2025 contingent on a 2025 performance-based income (PBI) metric, which the Compensation Committee certified as achieved on Feb 9, 2026. Vesting: 50% on Feb 17, 2027 and 50% on Feb 17, 2028. Shares will be delivered within 30 days after each vesting date, subject to any deferral election.
Key Details
- Transaction date reported: 2026-02-09; Form 4 filed 2026-02-11 (timely; within the usual 2-business-day window).
- Transaction type/code: Award/Grant (A); 10,690 RSUs; acquisition price reported $0.00 (derivative grant).
- Footnotes: Each RSU = contingent right to one common share. RSUs awarded Feb 17, 2025 were contingent on meeting 2025 PBI metric; metric certified Feb 9, 2026. Vesting split 50% in 2027 and 50% in 2028; delivery within 30 days after vesting unless deferred.
- Shares owned after transaction: not specified in this Form 4.
Context
RSU grants are a common form of executive compensation and do not require an insider to spend cash; they only convert to actual shares if and when they vest. Because vesting is tied to a performance metric (now certified met), these RSUs represent future equity compensation rather than an immediate market purchase or sale.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-09+10,690→ 10,690 total→ Common Stock (10,690 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]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.