Form 4: Loews Corp Director Paul J. Fribourg Reports Stock Transactions

Paul J. Fribourg, a director of Loews Corporation, reported the acquisition and disposal of common stock and stock appreciation rights on March 1, 2024, according to a Form 4 filing.

Summary

• On March 1, 2024, Paul J. Fribourg, a director of Loews Corporation, engaged in transactions involving the company's common stock and stock appreciation rights.
• Fribourg acquired 2,250 shares of common stock through the exercise of stock appreciation rights at a price of $43.37 per share.
• Simultaneously, Fribourg disposed of 2,250 shares related to the stock appreciation rights.
• Additionally, Fribourg disposed of 951 shares of common stock at a price of $75.02, with prices ranging from $75.00 to $75.07.
• Following these transactions, Fribourg directly owns 0 shares of Loews Corp common stock.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 16, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions without indicating positive or negative implications.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge insider sentiment and potential future stock performance.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates