Form 4: Loews Corp Director Ann E. Berman Reports Stock Conversion
SEC Form 4 Filing
Ann E. Berman, a director of Loews Corp, reported the conversion of restricted stock units into common stock on May 9, 2024.
Summary
- On May 9, 2024, Ann E. Berman, a director of Loews Corp, reported a transaction involving the conversion of restricted stock units (RSUs) into common stock.
- Specifically, 1,706 RSUs vested and were converted into 1,706 shares of Loews Corp common stock.
- Following this transaction, Ms. Berman directly owns 4,998 shares of Loews Corp common stock.
- The RSUs were initially granted on May 9, 2023, and vested on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and has neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small change in the overall share ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | Reporting Person was granted 1,706 RSUs |
| 05/09/2024 | RSUs vested and were converted into common stock; Date of Form 4 Filing |
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