Tisch Alexander H 4

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.