Form 4: Loews Corp Director Andrew Tisch Reports Stock Conversion
SEC Form 4
Director Andrew Tisch reports the conversion of restricted stock units into Loews Corp common stock.
Summary
- On May 9, 2024, Andrew H. Tisch, a director of Loews Corp, reported a transaction involving the conversion of 1,706 restricted stock units (RSUs) into common stock.
- The RSUs vested on the first anniversary of the grant date, which was May 9, 2023.
- Following the transaction, Tisch directly owns 1,726,479 shares of Loews Corp common stock and indirectly owns 12,208,192 shares through trusts.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | Reporting Person was granted 1,706 RSUs |
| 05/09/2024 | Date of transaction: conversion of RSUs into common stock; RSUs vested |
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