0001567619-20-003585.txt : 20200214
0001567619-20-003585.hdr.sgml : 20200214
20200214103746
ACCESSION NUMBER: 0001567619-20-003585
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200213
FILED AS OF DATE: 20200214
DATE AS OF CHANGE: 20200214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TISCH ANDREW H
CENTRAL INDEX KEY: 0001009879
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06541
FILM NUMBER: 20615339
MAIL ADDRESS:
STREET 1: 667 MADISON AVE
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
doc1.xml
FORM 4
X0306
4
2020-02-13
0
0000060086
LOEWS CORP
L
0001009879
TISCH ANDREW H
667 MADISON AVENUE
NEW YORK
NY
10065-8087
1
1
0
0
Co-Ch. of Bd/Off. Pres./Ch. EC
Common Stock
2020-02-13
4
M
0
9803
0
A
9803
D
Common Stock
2020-02-13
4
F
0
5218
53.93
D
4585
D
Common Stock
2020-02-13
4
S
0
4585
54.01
D
0
D
Common Stock
14809184
I
By Trusts
Restricted Stock Units
2020-02-13
4
M
0
9803
0
D
Common Stock
9803
0
D
Represents the conversion upon vesting of Restricted Stock Units ("RSUs") into common stock. On February 13, 2017, the Reporting Person was awarded 19,405 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2017. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 12, 2018 and the 2017 RSUs were then reported on a Form 4 filed with the SEC. 50% of these RSUs (along with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights) previously vested on February 13, 2019. The remaining 2017 RSUs vested on February 13, 2020.
The Reporting Person is reporting the withholding, by the Issuer, of 5,218 shares of common stock that vested in respect of the 2017 RSUs on February 13, 2020 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 $53.92 and $54.10. 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 Andrew H. Tisch
2020-02-14