Form 4: Loews Corp Director Charles Davidson Reports Stock Conversion from Restricted Stock Units
SEC Form 4 Filing
Director Charles Davidson converted 1,706 restricted stock units into Loews Corp common stock on May 9, 2024.
Summary
- On May 9, 2024, Charles Davidson, a director of Loews Corp, converted 1,706 restricted stock units (RSUs) into common stock.
- The conversion occurred upon the vesting of the RSUs, which were granted on May 9, 2023.
- Following the transaction, Davidson directly owns 26,905.6 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting, and has neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents the conversion of existing equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| May 9, 2023 | Reporting Person was granted 1,706 RSUs |
| May 9, 2024 | RSUs vested and were converted into common stock |
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