Form 4: Loews Corp Director Emeritus Andrew Tisch Reports Stock Conversion Upon Retirement
SEC Form 4 Filing
Andrew Tisch, Director Emeritus of Loews Corporation, reports the conversion of restricted stock units into common stock following his retirement on December 31, 2024.
Summary
- Andrew H. Tisch, Director Emeritus of Loews Corporation, filed a Form 4 on January 2, 2025, reporting changes in beneficial ownership of Loews Corp stock.
- On December 31, 2024, Tisch converted 1,288 restricted stock units (RSUs) into 1,288 shares of Loews Corp common stock upon his retirement as a Director.
- The RSUs, granted on May 14, 2024, vested on December 31, 2024, as a result of Tisch's retirement.
- Following the transaction, Tisch directly owns 1,568,191 shares of Loews Corp common stock and indirectly owns 12,042,768 shares through trusts.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Andrew H. Tisch | N/A | December 31, 2024 | Retirement |
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard conversion of previously granted RSUs.
Key Dates
| Date | Description |
|---|---|
| May 14, 2024 | Reporting Person was granted 1,288 RSUs. |
| December 31, 2024 | RSUs vested and converted to common stock upon retirement. |
| December 31, 2024 | Date of Earliest Transaction |
| January 02, 2025 | Date of Form 4 filing. |
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