0000060086-23-000049.txt : 20230209 0000060086-23-000049.hdr.sgml : 20230209 20230209144038 ACCESSION NUMBER: 0000060086-23-000049 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: TISCH JONATHAN M CENTRAL INDEX KEY: 0001009306 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06541 FILM NUMBER: 23605646 MAIL ADDRESS: STREET 1: 667 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10021-8087 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_167597162215587.xml FORM 4 X0306 4 2023-02-08 0 0000060086 LOEWS CORP L 0001009306 TISCH JONATHAN M C/O LOEWS CORPORATION 667 MADISON AVENUE NEW YORK NY 10065-8087 1 1 0 0 Co-Ch. of Bd/Off. of the Pres. Common Stock 2023-02-08 4 M 0 9592 0 A 9592 D Common Stock 2023-02-08 4 F 0 5305 62.75 D 4287 D Common Stock 2023-02-08 4 S 0 4287 62.35 D 0 D Common Stock 8683932 I By Trusts Restricted Stock Units 2023-02-08 4 M 0 9592 0 D Common Stock 9592.0 9592 D Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 8, 2021, the Reporting Person was awarded 19,184 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 5,305 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. Represents the weighted average price of multiple transactions with a range of prices between $62.07 and $62.54. The Reporting Person, upon request by the SEC 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. 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 Jonathan M. Tisch 2023-02-09