Form 4: Loews Corp Director Charles M. Diker Reports Stock Conversion
SEC Form 4 Filing
Charles M. Diker, a director at Loews Corp, reported the conversion of restricted stock units into common stock on May 9, 2024.
Summary
- On May 9, 2024, Charles M. Diker, 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.
- The conversion occurred at a price of $0 per share, as it represents the vesting of previously awarded RSUs.
- Following the transaction, Diker directly owns 19,906 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction report, so the sentiment is neutral.
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 in the form of RSUs.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine conversion of existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| May 9, 2023 | Reporting Person was granted 1,706 RSUs |
| May 9, 2024 | Conversion of 1,706 restricted stock units into common stock. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.