0000060086-23-000045.txt : 20230209
0000060086-23-000045.hdr.sgml : 20230209
20230209141947
ACCESSION NUMBER: 0000060086-23-000045
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230208
FILED AS OF DATE: 20230209
DATE AS OF CHANGE: 20230209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCOTT RICHARD WALDO
CENTRAL INDEX KEY: 0001238752
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06541
FILM NUMBER: 23605524
MAIL ADDRESS:
STREET 1: 667 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10065
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LOEWS CORP
CENTRAL INDEX KEY: 0000060086
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 132646102
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 667 MADISON AVE
CITY: NEW YORK
STATE: NY
ZIP: 10065-8087
BUSINESS PHONE: 212-521-2000
MAIL ADDRESS:
STREET 1: 667 MADISON AVE
CITY: NEW YORK
STATE: NY
ZIP: 10065-8087
4
1
wf-form4_167597037014944.xml
FORM 4
X0306
4
2023-02-08
0
0000060086
LOEWS CORP
L
0001238752
SCOTT RICHARD WALDO
C/O LOEWS CORPORATION
667 MADISON AVENUE
NEW YORK
NY
10065-8087
0
1
0
0
SVP & Chief Investment Officer
Common Stock
2023-02-08
4
M
0
7567
0
A
50486.80
D
Common Stock
2023-02-08
4
F
0
3517
62.75
D
46969.80
D
Restricted Stock Units
2023-02-08
4
M
0
7567
0
D
Common Stock
7567.0
7567
D
Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 8, 2021, the Reporting Person was awarded 15,134 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2021. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 7, 2022 and the 2021 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission. 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs will vest on February 8, 2024. 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.
The Reporting Person is reporting the withholding, by the Issuer, of 3,517 shares of common stock that vested in respect of the 2021 RSUs on February 8, 2023 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
/s/ Thomas H. Watson, by power of attorney for Richard W. Scott
2023-02-09