Form 4: James S. Tisch Reports Loews Corp. Share Transfers Within Family Trusts
SEC Form 4 Filing
James S. Tisch reports transfers of Loews Corp. shares between family trusts, with no change in his overall beneficial ownership.
Summary
- On May 6, 2025, James S. Tisch, a director of Loews Corp, reported a transaction involving the transfer of 144,364 shares of Loews Corp common stock.
- The shares were distributed from a family trust where Mr. Tisch is a trustee to one of his children.
- The child then contributed the same number of shares to another family trust of which Mr. Tisch is also a trustee.
- These transfers did not involve any sales, purchases, or consideration.
- Mr. Tisch's total beneficial ownership of Loews Corp shares remained unchanged as a result of these transactions.
- Following the reported transactions, Mr. Tisch directly owns 3,100,896 shares of common stock.
- Mr. Tisch indirectly owns 9,551,407 shares through trusts and 3,005,037 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding share transfers, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a strategic shift or significant event for Loews Corp within its industry.
Related Party Transactions
- The transfer of shares between family trusts involving James S. Tisch and his child constitutes a related party transaction.
Stakeholder Impact
- The reported transactions have no direct impact on Loews Corp's stakeholders, as they do not involve any change in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 05/06/2025 | Date of the share transfers between family trusts. |
| 05/08/2025 | Date of the signature on the Form 4 filing. |
Keywords
Loews Corp, James S. Tisch, beneficial ownership, Form 4, share transfer, family trust, director
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