Form 4: Ann E. Berman Exercises Restricted Stock Units in Loews Corp (L)
SEC Form 4
Director Ann E. Berman converted 1,288 restricted stock units into Loews Corp common stock on May 14, 2025.
Summary
- On May 14, 2025, Ann E. Berman, a director of Loews Corp, converted 1,288 restricted stock units (RSUs) into common stock.
- The RSUs vested on the first anniversary of the grant date, which was May 14, 2024.
- Following the transaction, Berman directly owns 6,286 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard compensation practices using restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves the conversion of existing equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Reporting Person was granted 1,288 RSUs |
| 05/14/2025 | Date of transaction: conversion of RSUs into common stock; RSUs vested |
Keywords
Loews Corp, Ann E. Berman, restricted stock units, RSUs, Form 4, beneficial ownership, director, common stock, vesting
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