Form 4: Loews Corp Director Walter L. Harris Executes Stock Transactions Under 10b5-1 Plan

Director Walter L. Harris of Loews Corp reports transactions involving common stock and stock appreciation rights under a pre-arranged 10b5-1 trading plan.

Summary

• Walter L. Harris, a director of Loews Corp, reported transactions involving the company's common stock and stock appreciation rights on March 3, 2025.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on August 7, 2024.
• Harris acquired 2,250 shares of common stock through the exercise of stock appreciation rights at a price of $40.61.
• He then disposed of 1,053 shares at $86.89 and 1,197 shares at $86.87.
• Following these transactions, Harris directly owns 22,906 shares of Loews Corp common stock.
• The stock appreciation right had an exercise price of $40.61 and expired on March 31, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting pre-planned transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of a 10b5-1 trading plan indicates that these transactions were pre-planned and not based on any inside information at the time of the trades.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a director, but the pre-planned nature of the trades mitigates concerns about insider trading.

Key Dates