Form 4: Loews Corp Director Emeritus Andrew H. Tisch Executes Stock Transactions Under 10b5-1 Plan
SEC Form 4 Filing
Andrew H. Tisch, Director Emeritus of Loews Corp, engaged in multiple stock transactions, including acquisitions and disposals, under a pre-arranged 10b5-1 trading plan.
Summary
- Andrew H. Tisch, a Director Emeritus at Loews Corp, executed several transactions involving Loews common stock and stock appreciation rights.
- These transactions occurred on January 2nd and 3rd, 2025, and were conducted under a Rule 10b5-1 trading plan adopted on August 6, 2024.
- The transactions included the acquisition of 60,000 shares of common stock through the exercise of stock appreciation rights at prices ranging from $35.52 to $40.61.
- Mr. Tisch also disposed of 59,999 shares of common stock at prices ranging from $84.35 to $85.02.
- Following these transactions, Mr. Tisch directly owns 1,568,191 shares of common stock and indirectly owns 12,042,768 shares through trusts.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an insider. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan indicates that the transactions were pre-planned and not based on any material non-public information.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
- The use of a 10b5-1 trading plan is a common method for insiders to manage their stock transactions while avoiding accusations of insider trading.
- The reported transactions are typical for executives and directors who hold stock options or other equity-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not reflect a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2024-08-06 | Date the Rule 10b5-1 trading plan was adopted by Andrew H. Tisch. |
| 2016-01-09 | Date the Stock Appreciation Rights became exercisable in equal quarterly installments. |
| 2025-01-02 | Date of multiple stock transactions including acquisitions and disposals. |
| 2025-01-03 | Date of multiple stock transactions including acquisitions and disposals. |
| 2025-01-06 | Date the Form 4 was signed. |
| 2025-01-09 | Expiration date of the Stock Appreciation Rights. |
Keywords
Loews Corp, Andrew H. Tisch, stock transactions, Form 4, Rule 10b5-1, stock appreciation rights, insider trading, beneficial ownership
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