ANN E. BERMAN - 03 Jun 2024 Form 4 Insider Report for LOEWS CORP (L)

Role
Director
Signature
/s/ Thomas H. Watson by power of attorney for Ann E. Berman
Issuer symbol
L
Transactions as of
03 Jun 2024
Net transactions value
-$72,949
Form type
4
Filing time
04 Jun 2024, 16:18:52 UTC
Previous filing
14 May 2024
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction L Common Stock Options Exercise $98,618 +2,250 +45% $43.83 7,248 03 Jun 2024 Direct F1
transaction L Common Stock Disposed to Issuer $98,571 -1,287 -18% $76.59 5,961 03 Jun 2024 Direct F1
transaction L Common Stock Sale $72,995 -963 -16% $75.80 4,998 03 Jun 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction L Stock Appreciation Right Options Exercise $0 -2,250 -100% $0.000000* 0 03 Jun 2024 Common Stock 2,250 $43.83 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 16, 2023.
F2 Represents the weighted average price of multiple transactions with a range of prices between $75.61 and $76.59. The Reporting Person, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.
F3 The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.