Form 4: Loews Corp Director Jonathan Locker Reports Stock Conversion
SEC Form 4
Director Jonathan Locker reports the conversion of restricted stock units into common stock of Loews Corp.
Summary
- On May 9, 2024, Jonathan Locker, a director of Loews Corp, reported a transaction involving the conversion of 998 restricted stock units (RSUs) into common stock.
- The RSUs vested on May 9, 2024, and were converted into 998 shares of common stock.
- Following the transaction, Locker directly owns 16,868 shares of Loews Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting the vesting of previously granted equity compensation. It doesn't inherently indicate positive or negative 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 equity compensation.
Stakeholder Impact
- The conversion of RSUs into common stock slightly increases the number of outstanding shares, which could have a marginal dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/19/2023 | Reporting Person was granted 998 RSUs |
| 05/09/2024 | Date of transaction: conversion of RSUs to common stock; RSUs vested |
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