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

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

Summary

• On June 3, 2024, Walter L. Harris, a director of Loews Corp, engaged in multiple transactions involving the company's common stock and stock appreciation rights.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on August 16, 2023.
• Harris exercised stock appreciation rights for 2,250 shares at a price of $43.83.
• He also disposed of 1,287 shares at $76.59 and 963 shares at a weighted average price of $75.8, with prices ranging from $75.64 to $76.59.
• Following these transactions, Harris directly owns 22,906 shares of Loews Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were pre-planned under a 10b5-1 trading plan and do not necessarily reflect the director's current outlook on the company.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating they were planned well in advance.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance; however, transactions under 10b5-1 plans are less indicative of current sentiment.

Key Dates